Islamabad, June 29, 2021 (PPI-OT): The National Assembly has started the process to approve Finance Bill 2021. Earlier, the National Assembly considered The Finance Bill 2021. A motion to this effect was moved by Finance Minister Shaukat Tarin. Speaking on the finance bill 2021, the opposition members said the government should focus on promoting education and checking the population growth. They said such a taxation system should be evolved that reduces the burden on the common man. They said relief should be provided to the masses and incentives be given to the agriculture sector in order to bolster its productivity.

Taking the floor, Finance Minister Shaukat Tarin said the targets set in the budget 2021-22 will be achieved. He said it is the first budget which has given a roadmap to uplift four million poor households by providing interest free loans to them. He said these households will also be provided with Sehat Insaaf Cards and equipped with technical skills.

The Finance Minister said the core inflation stands at seven percent. He admitted that the prices of food items have increased which is so because the agriculture sector was ignored in the past. He said we are spending sixty two billion rupees for the uplift of this important sector of economy. He said we are also giving exemptions worth billions of rupees to this sector on fertilizers and pesticides. He pointed out that the provincial governments are also spending on the agriculture sector. Shaukat Tarin said we have to enhance the tax to GDP ratio to twenty percent to take the country forward on the economic front. He said we do not believe in harassment but action will be taken against wilful defaulters.

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