Income tax reform project presented


ISLAMABAD:

The Senate has formally asked its members to share their suggestions on the Income Tax (Third Amendment) Bill, 2025.

The directive came during Friday’s session, chaired by Senator Shahadat Awan.

At the beginning of the session, Federal Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry presented a copy of the amendment bill to the House. Following his presentation, the president ordered senators to submit their proposals in writing to the Senate Secretariat by Monday.

Senator Shahadat Awan further announced that the Standing Committee on Finance will examine the bill and submit its report within ten days. The committee’s recommendations will form the basis of the Senate’s formal advice on the legislation.

Once the Senate reviews and approves its recommendations, the bill will be sent to the National Assembly for further consideration.

The upper house referred the Privatization Commission (Amendment) Bill, 2025 to the relevant standing committee for consideration.

The decision was taken during the Senate session held in Islamabad.

The Prime Minister’s advisor on privatization, Muhammad Ali, presented the motion to request the approval of the bill in the same form as it has already been approved by the National Assembly.

He informed the House of the purpose of the amendment and requested that it be approved without changes.

After the motion was tabled, Senate President Senator Shahadat Awan ordered the bill to be sent to the relevant committee. The committee will now review the proposed amendments and present its report to the House ahead of the next stage of legislation.

The Senate passed a motion to send the Protection of Journalists and Media Professionals Bill 2025 to a joint session of parliament.

The Senate was informed that the federal government has taken multiple measures (before and after devolution) to support the promotion of tourism in Chitral, although the primary responsibility now lies with the provinces.

Replying to a question, Dr Tariq Fazal Chaudhry said that after the 18th Constitutional Amendment, tourism was taken over by provincial governments.

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