Senate Finance Committee finalizes recommendations for finance bill

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ISLAMABAD, June 8 (APP): Senate Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization in its meeting here on Wednesday finalized recommendations for finance bill 2016-17.

The committee meeting was presided over by Saleem Mandviwala. Senators Usman Khan Kakar, Sardar Azam Musakhel and Ms GulBashra of Pakhtunkhwa Milli Awami Party gave a number of recommendations primarily dealing with different projects in Balochistan.

The committee gave a six-month deadline to Higher Education Commission to establish sub-campuses of Balochistan University in Zhob and Chaman to provide facility to the students of the area.

The committee also considered the proposal to establish a Forestry University in Ziarat. Senator Kakar underscored the need for establishing a livestock university in District Musa Khel.

Recommendations concerning 1000MW solar, wind, gas and coal power projects on CPEC Western route were deferred for the next meeting to be discussed in presence of Water and Power Ministry officials. Kuchlak to Zhob motorway, Zhob to D. I. Khan motorway and Bostan-Kohat railway line were decided to be discussed in the next meeting in presence of NHA officers.

The committee accepted the recommendation to hold mineral survey in Quetta and Zhob division. In this regard, the Geological Survey of Pakistan will brief the committee.

The committee approved Senator Usman Kakar’s recommendations regarding gas projects in Balochistan, circular railway projects, cancer hospital in Loralai, allergy centres in provincial capitals and clinical laboratories in Balochistan.

Senator Kalsoom Parveen withdrew her recommendation regarding food security.

Her recommendation regarding construction of mother and child care hospitals in Quetta was approved.

Balance amount of Rs 333 million for infrastructure of Lasbela University and fund allocation for solar tube wells in Balochistan were also accepted.

The committee also passed three different bills. The bills include ‘ Corporate Restructuring companies Bill , 2016’, ‘Deposit Protection Corporations Bill, 2016 ‘ and ‘Financial Institutions (Secured Transactions ) Bill , 2016’.

The committee also discussed in detail the recommendations moved by Senator SirajulHaq.

The meeting was attended among others by Senators Ilyas Ahmed Bilour, Saud Majeed, Muhammad Mohsin Khan Leghari, Ms. Ayesha RazaFarooq, Kamil Ali Agha, SardarFateh Muhammad Muhammad Hassani, Mohsin Aziz, Mushahidullah Khan, Usman Khan Kakar, Mrs.Kalsoom Parveen and Sirajul Haq.

Secretary Finance, Chairman FBR and senior officers of the attached departments were also present during the meeting.