Pakistan opposition rejects budget 2024-2025, disputes key figures

In this photo released by the Pakistan Finance Ministry Press Service, Pakistan’s Finance Minister Muhammad Aurangzeb speaks and parented, the Federal Budget before the National Assembly of Pakistan, in Islamabad on June 12, 2024. (Photo courtesy: Finance Ministry Press Service)
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Updated 16 June 2024
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Pakistan opposition rejects budget 2024-2025, disputes key figures

  • Finance Minister Aurangzeb presented $67.76 billion budget in parliament on Wednesday 
  • Opposition lawmakers allege government did not provide budget documents for their review

ISLAMABAD: Pakistan’s opposition lawmakers on Wednesday rejected the federal budget for the year 2024-25, alleging that the government had not fulfilled its constitutional requirements of providing budget documents for them to review and disputing key figures provided by Finance Minister Muhammad Aurangzeb. 
The finance minister unveiled the much-awaited Rs18.877 trillion ($67.76 billion) federal budget for FY 2024-25 that set an ambitious revenue collection target of Rs13 trillion ($46.66 billion). The budget is expected to play a pivotal role in Pakistan’s negotiations with the International Monetary Fund (IMF) to unlock yet another loan program. 
Opposition lawmakers from the Sunni Ittehad Council (SIC), backed by independent candidates affiliated with jailed former prime minister Imran Khan, protested during Aurangzeb’s speech. 
As they shouted slogans, the SIC lawmakers carried placards with “Release Imran Khan” written all over them. Throughout most of the finance minister’s speech, opposition lawmakers gathered in front of the Speaker’s dais and kept shouting anti-government slogans.
“A fake budget has been presented today, we reject it completely,” Omar Ayub Khan, the leader of the opposition in the National Assembly, told reporters after the budget session.
“This is a joke with the nation and Pakistan.”
He described the budget as “illegal and unconstitutional,” saying the government had not provided budget documents for the opposition lawmakers’ perusal. He said it was possible the government would change important figures in the document by the next National Assembly session to be held on June 20.
“I want to categorically say here that today for the first time in the parliament, glaring constitutional violation has taken place during the budget,” he said. 
He disputed the government’s figures that said the gross domestic product (GDP) had grown by 2.38 percent, the agriculture sector by 6.25 percent, and the industrial and services sectors had each grown by 2.1 percent in the outgoing fiscal year.
“The budget they are presenting, this is not the real growth rate,” he alleged. 
Meanwhile, Aurangzeb credited the government’s policies for stabilizing the country’s economy. He noted that Pakistan’s reserves were no longer in a precarious situation and that the country’s economic indicators were improving. 
“Mr. Speaker, I think that despite political and economic challenges, our progress on the economic front in the past one year has been impressive,” the finance minister had said in his budget speech.

 

 

 However, SIC lawmaker Shandana Gulzar Khan said the public should have derived the maximum benefit from the government’s budget. Instead, she said they would have to pay heavy taxes. 
“You want to fix this country, you give this country to the people,” Gulzar told Arab News.
“Those who are paying taxes, you ensure that they get the maximum share of the budget, that they are able to send their children to school, that they are able to eat three times a day and they have access to a health card,” she added.

 


In solidarity with Middle East, Pakistan to mark upcoming National Day with simplicity

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In solidarity with Middle East, Pakistan to mark upcoming National Day with simplicity

  • On March 23, Pakistanis commemorate adoption of the 1940 resolution that demanded separate homeland for Muslims of the Sub-continent
  • Islamabad hopes dialogue and diplomacy will prevail, peace will soon return to the entire region and beyond, Deputy PM Ishaq Dar says

ISLAMABAD: Pakistan will observe its National Day on March 23 will simplicity this year, the country’s deputy prime minister said on Thursday, referring to an ongoing conflict in the Middle East and Pakistan’s subsequent austerity measures.

On March 23 each year, Pakistanis commemorate the adoption of the historical Pakistan Resolution at the 27th annual meeting of the All-India Muslim League, through which Muslims of the Sub-continent demanded a separate homeland for themselves in 1940.

But this year, the day comes at a time of a raging conflict in the Middle East, where United States and Israel have been pounding Iran since Feb. 28, while Tehran has launched counterattacks against US bases in Gulf countries as well as commercial and oil infrastructure. The crisis has impacted Pakistan among several countries.

In a post on X, Pakistani Deputy PM Ishaq Dar said this year’s National Day would be observed with simplicity at all Pakistani missions abroad and will be limited to the traditional flag-hoisting ceremony only.

“In the light of Prime Minister’s announced austerity measures, and as a mark of solidarity with the countries and peoples of the Middle East and the wider region affected by the ongoing conflict and the tragic loss of innocent lives, National Day receptions will not be held this year,” he said.

The ongoing conflict has disrupted global oil supply, particularly through the Strait of Hormuz, a critical transit chokepoint between Iran and Oman, with oil prices surging past $100.

This week, PM Shehbaz Sharif announced a series of austerity steps, including a four‑day work week for government offices, requiring 50  percent of staff to work from home, cutting fuel allowances for official vehicles by half, grounding up to 60  percent of the government fleet and closing all schools for two weeks to conserve fuel amid the global oil crisis. 

The measures came in response to global oil market volatility triggered by the Middle East conflict. 

“Pakistan hopes that dialogue and diplomacy will prevail, and that peace, stability and prosperity will soon return to the entire region and beyond,” Dar added.