National Assembly approves Finance Bill 2015-16

ISLAMABAD: National Assembly on Tuesday approved federal budget for the fiscal year 2015-16 amid walk out by the opposition in the lower house.

The Finance Bill, with a total out lay of Rs4313 billion, was approved clause by clause reading, under the chair of Speaker Ayaz Sadiq.

The amendments, made by the opposition, could not be presented in the assembly due to their walk out.

The House adopted a number of amendments proposed by Finance Minister Ishaq Dar, Senators and MNAs during the debate.

About Rs248 billion have been allocated for energy sector with an objective to generate additional cheap electricity and overcome load shedding.

The budget contains grant of 7.5 percent adhoc relief allowance in the pay and pensions of government employees.