NA approves Budget 2010-11 with majority

The National Assembly has approved the federal budget 2010-11 with majority. Under Finance Bill, GST has been increased to 17 percent. PML-N candidates staged walkout from the session. Finance Minister Abdul Hafeez Sheikh presented the Finance Bill in the National Assembly which was opposed by the PML-N. Whereas all amendments presented by the party were rejected. Taking part in debate, Zahid Hamid said that levy on petroleum should be curtailed and amendments should be made in Customs Act. He suggested that fine on transit trade should be 3 percent. Demanding check and balance on FBR, Sardar Ayaz Sadiq said that GST should be decreased to 12 percent. Rana Tanveer said that corruption is rampant in FBR.

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