📷 Image Credits: DAWN.com
On June 29, 2024, tensions ran high in Pakistan’s National Assembly as the House approved the budget for the fiscal year 2025, amidst fiery opposition from lawmakers. The budget, introduced by Finance Minister Muhammad Aurangzeb, faced criticism from the opposition, who labeled it as unrealistic, anti-people, anti-industry, and anti-agriculture. Opposition lawmakers, particularly from the PTI, accused the government of IMF dictation and electoral fraud.
Leader of the Opposition Omar Ayub Khan condemned the budget as ‘economic terrorism against the people,’ predicting an increase in inflation and electricity prices. Aurangzeb defended the budget by highlighting tax exemptions on essential items like medical equipment and educational materials.
Amidst the budget approval, the House also passed the Elections Act (Amendment) Bill 2024, enabling the Election Commission of Pakistan to appoint retired judges as election tribunals. The move was met with controversy and objections from opposition members.
In a surprising turn, lawmakers approved an amendment to increase their perks and privileges, transferring the power to determine their salaries to finance committees. This move sparked further discord among the opposition and ruling members.
While the finance minister emphasized macroeconomic stability and sustainable growth, concerns were raised about the impact of tax increases on the salaried class. The budget proposals have stirred resentment and discontent among various sectors in Pakistan, signaling a need for policy reforms and public understanding.
