Jun 01

Federal Budget 2012-13 to be presented today in Parliament

Islamabad (Friday June 01, 2012): The federal budget for the fiscal year 2012-13 will be presented in parliament today.
Budget 2012-13
All the preparations had been finalized for the presentation of the national budget for the fiscal year 2012-13. Both the Houses of the Parliament have been fully prepared for today’s budget sessions separately.

A lot of hue and cry from opposition benches, especially from lawmakers of Pakistan Muslim League-Nawaz (PML-N) is expected against Prime Minister Syed Yousaf Raza Gilani after his conviction from the Supreme Court in contempt of court case against him.

Finance Minister Abdul Hafeez Sheikh while responding to questions on the occasion of release of Survey of Pakistan Report 2011-12, asked the reporters not to end all of their questions as he would have to respond to them day after tomorrow.

Both the Houses of the Parliament were summoned to meet separately by the Acting President Nayyar Hussain Bokhari almost on week ago. It is the 42nd session of the 5th Parliamentary year of the incumbent National Assembly.

It will be the fifth and last budget of the sitting coalition government led by PPP and will be laid before the National Assembly by Finance Minister Dr. Abdul Hafeez Sheikh.

Similarly, as per agenda of the Upper House of the Parliament, copies of the finance bill containing the Annual Budget Statement, for making recommendations, if any, thereon to the National Assembly, will be presented in the House.

Sources said that both the Houses would be adjourned for next two days after budget speech by the Finance Minister.

Well placed sources informed that PM L-N members of the National Assembly of would continue their protest against Prime Minister Syed Yousaf Raza Gilani so lot of hue and cry is expected during budget speech of Finance Minister, however, PML-N Senators are likely to maintain their prestige and sanctity in today’s session.

Source: Dunya News