In a recent budget discussion in the Senate, lawmakers highlighted the importance of a consistent economic policy to attract foreign investment and stabilize the economy. They emphasized the need to reduce government expenses, widen the tax net, and harness the country’s natural resources. The proposal to pass a two-month budget for administrative purposes was made to allow for thorough discussions and amendments.
Senators also raised concerns about the budget’s impact on the salaried class, suggesting long-term economic policies endorsed by the parliament and national security council for stability. The debate included calls for renegotiating agreements with independent power producers to alleviate the burden of capacity payments on the public.
The discussion also touched on issues such as tax collection, industrial development, and privatisation of state-owned enterprises. Lawmakers stressed the importance of empowering the private sector and overseas Pakistanis to boost the economy.
Overall, the Senate session highlighted the need for a comprehensive economic strategy to address the country’s financial challenges and promote sustainable growth.\
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