ISLAMABAD: The National Assembly on Friday passed the federal budget 2024-25 worth 18,887 billion with a majority amid opposition protest.
The budget is laden with new taxes and huge increase in existing taxes, especially for the salaried class.
Before the passage of the budget, Finance Minister Aurangzeb Khan presented the changes made by the house to the Finance Bill. The changes included an increase of Rs20 per litre petroleum levy.
The government has proposed to increase, in phases, the current Rs60 petroleum levy to Rs80.
The house in its sessions passed changes to the Finance Bill introduced by the members. The changes also included Rs18.32 billion funds sought by the Intelligence Bureaue and Rs1.36 billion for the district judiciary of Islamabad.
The national budget was presented in the National Assembly by Finance Minister Aurangzeb Khan on June 12.
The opposition Sunni Ittehad Council continued its protest against the budget proposals, especially the increase in taxes on employees and introduction of new taxes.
