SBP bill, Mini-budget to be passed today

MG News | January 13, 2022 at 04:06 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 13, 2022 (MLN): The controversial State Bank of Pakistan (Amendment) Bill 2021 and Finance Supplementary bill will be passed today, sources informed MG News.

As per the sources, the parliamentary session is currently going on and Finance Minister Shoukat Tarin is considering withdrawing taxes on milk and other food items.

Sources further informed that Rs33bn worth of subsidies will be provided to offset any impact.

To recall, on Monday, the National Assembly’s Standing Committee passed the proposed amendments to the State Bank of Pakistan (SBP) Act.

The amendments were part of the International Monetary Fund’s (IMF) prerequisites for completion of the periodic review and release of the pending $1 billion tranche under the Extended Fund Facility (EFF).

Pakistan's adviser to Prime Minister on Parliamentary Affairs, Babar Awan, while speaking to be media said that the National Assembly would approve the mini-budget in its session on January 13, 2022.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,504.84 63.76M	-0.31% -538.14
ALLSHR	106,276.09 177.86M	-0.25% -267.44
KSE30	52,460.51 16.54M	-0.33% -173.47
KMI30	246,882.31 17.77M	-0.47% -1174.92
KMIALLSHR	68,048.15 76.12M	-0.34% -230.12
BKTi	50,184.01 4.66M	-0.15% -77.23
OGTi	34,460.51 1.04M	-0.41% -140.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,885.00	64,405.00 63,305.00	345.00 0.54%
BRENT CRUDE	91.05	91.13 89.02	0.31 0.34%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.10 -0.09%
ROTTERDAM COAL MONTHLY	119.90	120.00 119.90	0.25 0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.68	84.79 83.21	0.22 0.26%
SUGAR #11 WORLD	14.50	14.79 14.49	-0.05 -0.34%