President Arif Alvi now signed the Finance Bill 2019-20 that was sent to him earlier.
President Arif Alvi approved the Finance Bill 2019-20 or Federal Budget 2019-20 on Monday (today). However, the bill was sent to him after the approval from the National Assembly. Now, with President Arif Alvi’s signature, the Federal Budget 2019-20 has come to force.
According to sources, President Arif Alvi had signed the Finance Bill 2019-20 the previous day after it was forwarded to him following passage from the National Assembly. The National Assembly passed the bill with a simple majority of 176 lawmakers favoring against 146 members of the opposition opposing it.
The federal government had present a Rs7.022 trillion budget focusing on fiscal consolidation, revenue mobilization, austerity measures and protection to the vulnerable segments of society.