ISLAMABAD: President Arif Alvi on Monday signed the Finance Bill 2019-20, bringing the bill into force. The bill was sent to the presidency for validation after approval by the National Assembly on Friday. The government succeeded in getting the budget for FY2019-20 passed from the National Assembly, with the coalition and its allies comfortably defeating the combined opposition’s attempt to block it. The total outlay of the budget is Rs7.022 trillion, focusing on fiscal consolidation, revenue mobilisation and austerity measures. The Money Bill included a new stringent fiscal law that it added to the Finance Act at the last minute. Online
