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Leader of the Opposition in the National Assembly (NA) Omar Ayub on Thursday assailed the budget presented for fiscal year (FY) 2025 as “economic terrorism” against the people as debate opened on the finance bill.
Finance Minister Muhammad Aurangzeb presented his first federal budget with a total outlay of Rs18.9 trillion last week. The budget for the upcoming year aims for a modest 3.6 per cent GDP growth, and sets an ambitious Rs13tr tax collection target, raising taxes on salaried classes and removing tax exemptions for the rest.
Debate on the budget formally opened today in the NA after the Eidul Azha holidays with its passage planned for June 24. Ayub opened the debate with vociferous criticism of the budget.
His speech was muted several times as he lamented the alleged interference of the establishment.