Remittances increased by 13.6% reaching their highest level: Senate informed
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Senate today resumed debate on motions regarding terms and conditions of all types of loans taken by government, recent price hike in gas and electricity prices and recent Dharna.
Taking part in the discussion, Senator Faisal Javed Khan said government is taking concrete steps to enhance exports of the country.
He said remittances have reached at its highest level. He said people of Pakistan demand accountability across the board. He said process of accountability will speed up.
Opposition benches criticized the government for reaching an agreement with protesters to end the sit-in held in Islamabad and other parts of the country.They also criticized the government for selective accountability.
They said government should fulfil the promises made during elections campaign. They said that loans from foreign countries will increase the inflation rate in the country.
Minister of State for Revenue Hamad Azhar informed the house that due to prudent policies of the government, country is moving in the right direction and it has averted the crisis of balance of payments.
He said modalities of package from China are being finalized and House will be informed after it is done.
The minister said country's exports have increased to 4.6 percent in first quarter, remittances increased 13.6 percent and current account deficit 1.8 billion dollars monthly has decreased to one billion dollars.
He said FBR is establishing six offices to look into offshore accounts of resident Pakistanis.
Government has collected data of ninety thousand foreign accounts being maintained by resident Pakistanis from twenty seven countries.
The minister said government is committed to eradicate the menace of corruption from the country.
Talking about recent price hike in petroleum products the minister said devaluation of rupee is the cause of price hike in petroleum products.
The House offered fateha for the departed soul of Deputy Speaker Qasim Suri Khan’s mother who died on Sunday.
Thirteen bills were introduced in the House.
These include: “The Day Care Centres Bill, 2018”, “ The Trained Paramedical Staff Facility Bill, 2018”, “ The Board of Investment (Amendment) Bill, 2018”, “The Ratification of Foreign Agreements by Parliament Bill, 2018,” “The Exit from Pakistan (Control) (Amendment) Bill, 2018”, “The SBP Banking Services Corporation (Repeal) Bill, 2018”, “ The Constitution (Amendment) Bill, 2018 (Amendment of Article 11)”, “ The Transplantation of Human Organs and Tissues (Amendment) bill, 2018”, “The Foreign Private Investment (Promotion and Protection) (Amendment) Bill, 2018”, ‘The Banking Companies (Amendment) Bill, 2018”, “The Constitution (Amendment) Bill, 2018 (Amendment of Article 130)”, “The State Bank of Pakistan (Amendment) Bill, 2018”, “The Maternity and Paternity Leave Bill, 2018”.
The Chair referred the bills to the concerned committees of the House.