The National Assembly session to approve Finance Bill 2021 is underway, with clauses being presented individually in the house for voting.
Earlier, Finance Minister Shaukat Tarin moved a motion in the lower house of the parliament to begin the proceedings.
The minister assured the house that the targets set in the budget will be achieved. According to him, the budget has given a roadmap to uplift four million households by providing interest-free loans to them.
He further stated that the households will be provided Sehat Insaaf cards, adding that the inhabitants will be equipped with technical skills.
According to the minister, the core inflation currently stands at seven percent. He admitted that prices of food items had spiked, but said that it was because of the agriculture sector being ignored in the past.
The government, he added, was spending Rs62 billion to uplift the economy. Exemptions valuing billions of rupees were being given on account of fertilizers and pesticides.
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Simultaneously, he added, provincial governments were also spending funds on the agriculture sector.
Tarin added that the tax to GDP ratio should be enhanced to 20 per cent to take the country forward economically.
He added that the government did not believe in 'harassment'. However, he added that action will be taken against willful tax defaulters.
Addressing the session, opposition members urged the government to focus on promoting education and keeping a check on population growth.
They also called for evolving a taxation system to reduce the burden of taxes on the common man.
Opposition lawmakers said relief should be provided to the people, while incentives should be provided to the agriculture sector to boost its productivity.
(This story has been published from The Express Tribune feed, without modifications to the text)