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The PPP promises the government will support the budget vote.

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6 months ago

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Insiders state that the PPP will support the budget despite expressing reservations about it.

As previously stated, the party leaders had not yet decided whether to support or oppose the federal budget that the administration will be announcing today.

Leading figures have reportedly reached a resolution over the dispute between two parties that are allies.

In order to have the budget approved, the People’s Party will give the PML-N its whole support. Sources stated that the PPP would back the budget’s adoption “in spite of protests and speeches in committee.”

The administration promised the PPP that some of its recommendations would be included in the budget, according to sources. Voting supporting the PML-N budget is a quid pro quo commitment made by the PPP leadership.

For assistance in passing the budget, the PML-N had asked the PPP.

The PPP has not yet decided whether to accept or oppose the budget, according to PPP leader Nayya Bukhari.

The forthcoming yearly budget for 2024–25 and the state of the nation’s economy as a whole were the topics of Prime Minister Shehbaz Sharif and President Asif Ali Zardari’s Tuesday meeting.

The meeting was also attended by Professor Ahsan Iqbal, the Federal Minister for Planning and Special Initiatives, a press statement from the President’s House stated.

The protection of low-income and middle-class interests in the annual budget is a priority, as highlighted by President Zardari. Along with pledging his support for fiscal benchmarks to be met, he also gave the prime minister assurances on national development.

The next budget’s proposed development projects were also discussed by President Zardari and Prime Minister Shehbaz. He told the president about his recent five-day travel to China, the prime minister said.

On June 12th, or today, the federal government will unveil its budget for the fiscal year 2024–25.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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