ISLAMABAD: President Asif Ali Zardari has accorded an approval to the tax-heavy Finance Bill 2024 for the new fiscal year here on Sunday.
Earlier, the National Assembly had passed the budget with some amendments a couple of days ago.
The federal government had unveiled the annual budget two weeks ago that drew a sharp criticism from opposition parties as well as coalition ally PPP.
Finance Minister Muhammad Aurangzeb had tabled the finance bill in the parliament that had been opened to seek amendments and debate by the ruling alliance and its opposition.
President Zardari today accorded an approval to the finance bill in accordance with Article 75 of the Constitution.
According to the media wing of the President House, the bill would be applicable from July 1 (tomorrow).
It may be mentioned here that Under Article 75 (1), the president has no authority to reject or object to the finance bill.
