The National Assembly on Thursday okayed the federal budget for the upcoming fiscal year 2025-26 with a majority of votes, granting clause-by-clause approval to the Finance Bill 2025.
Finance Minister Muhammad Aurangzeb presented the finance bill in the lower house, where it received backing from the ruling coalition, including the Pakistan Peoples Party (PPP).
The motion was passed with a majority vote which led to the passage of Finance Bill 2025 after clause-by-clause reading and adopting amendments after due process of voting.
During the proceedings, all amendments and cut motions presented by opposition were rejected.
The total budget volume stands at over Rs17.57 trillion, with estimated total revenue set at Rs19,400 billion.
The PPP also supported after the government issued the Bilawal Bhutto Zaradri-led party’s reservations, reducing the tax on solar panel to 10 percent. The Benazir Income Support Programme (BISP) budget has been increased by 20% following the PPP’s demand.
