Islamabad: The Senate has adopted the recommendations of the Senate Standing Committee on Finance and Revenue concerning the Finance Bill 2026, following a motion moved by Saleem Mandviwalla, Chairman of the Senate Standing Committee on Finance and Revenue. This development marks a significant step in the legislative process for the Finance Bill 2026.

According to Radio Pakistan, Saleem Mandviwalla stated that the Finance Bill 2026 includes numerous reforms aimed at improving fairness, effectiveness, and public acceptance. The committee has prepared a total of 123 recommendations for consideration by the National Assembly. Among these, the committee has advised a minimum 15 percent increase in salaries, an expansion of the tax base, and a recommendation to avoid imposing new taxes on essential commodities. Additionally, the committee has suggested reducing taxes on fertilizers, seeds, and agricultural machinery to bolster the farming sector.

In a separate discussion in the Senate, Adviser on Political Affairs Rana Sanaullah Khan highlighted Pakistan’s concerns over India’s water management practices. He noted that India is constructing five dams on the Chenab River, expected to be completed within four to five years. These projects could potentially allow India to control the river’s flow for 60 to 90 days. In response, Pakistan is considering constructing water reservoirs at three to four sites on the Chenab River to store water during excess flows and use reserves when the river’s flow is restricted.