Islamabad (Staff Report/Agencies): President Arif Alvi has approved Finance Supplementary Bill 2023.
The approval has been given in accordance with Article 75 of the Constitution, the President House said in a statement issued on Thursday.
The bill envisages additional taxes and duties of Rs170 billion to meet the conditions of the International Monetary Fund (IMF) for the revival of the Extended Fund Facility (EFF) stalled for months.
On Wednesday, the Prime Minister Secretariat sent the Finance (Supplementary) Bill 2023 to the President Secretariat for assent.
Under Article 75 (1), the president has no power to reject or object to the finance bill, which is considered to be a money bill as per the constitution.
