NA passes Finance Bill 2018-19

NA passes Finance Bill 2018-19

Islamabad (Agencies): The National Assembly on Friday passed the Finance Bill 2018-19 after incorporating proposals given by lawmakers, reported Radio Pakistan.

The NA passed the budget through a voice vote amid slogans by the opposition members.

The basic structure of the budget remains the same as announced by Finance Minister Miftah Ismail on April 27, the report read.

The finance minister expressed his gratitude over the passage of the budget and termed it a step towards economic stability.

He said that the Federal Board of Revenue would have the powers to investigate anyone receiving more than Rs10 million in foreign remittances. The sender, he said, would also have to disclose the source of his income.

The minister said that only tax filers would be allowed to open and maintain foreign currency accounts in the country.