On Thursday, the Senate approved the Supreme Court Practice and Procedure Bill, 2023, which was introduced by the Law Minister, Azam Nazeer Tarar.
(more…)Tag: Senate
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Cash withdrawal should be exempted from withholding tax; Senate recommends key changes in Finance Bill 2020
ISLAMABAD: The Senate of Pakistan has recommended the government to abolish withholding tax on cash transactions from banks. In its key tax recommendations for finalizing budget 2020/2021, the Senate recommended that the government should abolish all kinds of withholding tax chargeable on cash transactions from banks.
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Senate advises salary increase by 10 percent
ISLAMABAD: The Senate of Pakistan has recommended increase in salary of government employees by at least 10 percent for fiscal year starting July 01, 2020.
As per the general consensus recommendations of the upper house after the debate on budget 2020/2021, it is recommended that salary of government employees should be enhanced at least 10 percent.
The upper house further recommended that the federal government should double the budget for education and health sectors.
It is recommended that all important debt agreements must be placed before the parliament for scrutiny immediately.
The budget allocation for ministry of national health services, regulations and coordination must be enhanced to a minimum five percent as per WHO recommendations.
The 11 percent cut imposed on the share of the provinces in violation of National Finance Commission (NFC) Award must be revised immediately.
The Senate of Pakistan recommended to the National Assembly that the allocation for Ministry of Education must be increased by 20 percent.
It is recommended that salaries of the medical and para-medical staff working in ICT should be enhanced reasonably.
The Senate recommended that the government should allocate more funds for management of rain water reservoirs. A special fund should also be allocated for construction of new small/mini dams.
Budgetary allocation of Higher Education Commission (HEC) should be enhanced to Rs100 billion.
The upper house recommended that the government should allocate funds for improvement in the aviation sector and to upgrade airports all over the country.
The government should expedite the process of loss making projects in a transparent manner.
The government should raise the amount of funds allotted for locust control in 2020/2021, from Rs4 billion to Rs8 billion keeping in view of the losses suffered by small farmers in locusts affected areas.
It is recommended to raise at least 50 percent in the corona stimulus package for fertilizer subsidy, loan remission and other relief to the farmers, keeping in view of covid-19 situation and food insecurity on account of locusts attacks.
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Senate recommends tobacco must be treated as crop, exempted from duty/taxes
ISLAMABAD: The Senate of Pakistan has recommended a significant policy shift, advocating for tobacco to be treated as a crop and exempted from duties and taxes. This recommendation was made in the context of the Finance Bill 2020, reflecting the upper house’s stance on the agricultural status of tobacco.
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Law passed for speedy transfer of immovable properties
ISLAMABAD: The Senate on Monday approved an important legislation to facilitate the speedy transfer of movable and immovable property of the deceased, to the legal heirs.
Letters of Administration and Succession Certificates Bill, 2020 is one of the key legislations, in Government’s legal reform agenda, to get the assent of both the National Assembly and the Senate.
The purpose of this law is to provide for an efficacious and speedy mechanism for issuance of letters of Administration and Succession Certificates.
One of the problems faced by the legal heirs of the deceased is the transfer of immovable and movable property even in the cases where no ‘factual controversy’ i.e. any objection by legal heirs or dispute regarding the identity of legal heirs exists.
Law Ministry has devised a mechanism to establish Succession Facilitation Units in collaboration with the National Database and Registration Authority (NADRA) for the issuance of Letters of Administration and Succession Certificates within 15 days of initiation of application by the legal heir/heirs of the deceased.
The initiative would enable NADRA to use biometric authentication to issue Succession Certificates and Letters of Administration for the first time in Pakistan.
Before this law, it took 2 to 7 years to get a simple Letter of Administration or Succession Certificate by the courts. Previously all the legal heirs had to be present in the courts in Pakistan, now even if legal heirs are not present in Pakistan, the Letters of Administration and Succession Certificates will be issued.
This will save a lot of expense and time and will release onerous burden on the courts.