ISLAMABAD, Feb 25 (APP):The National Assembly’s Standing Committee on Finance and Revenue here on Wednesday recommended redrafting of the Export-Import Bank of Pakistan (Amendment) Bill, 2026.
According to a press release issued by National Assembly Secretariat, the meeting of the standing committee was chaired by Member National Assembly, Naveed Qamar.
The press release said, the Committee considered the bill and during the clause-by-clause consideration of the proposed draft, the committee expressed its serious concerns with regard to certain provisions contained therein.
“After detailed deliberation, the committee recommended that the bill be redrafted in the light of the observations and recommendations made by the members during the meeting,” it added.
The committee also formally recorded that consensus had been achieved between the government and the committee with regard to the Netting of Financial Arrangements Bill, 2025 (Government Bill), and the Parliamentary Budget Office Bill, 2025, moved by Rana Iradat Sharif Khan, MNA.
The Committee directed the Ministry of Finance to furnish a duly revised, corrected and updated draft of the said bills, incorporating the observations and recommendations expressed during earlier deliberations, for placement before the committee in its next meeting.
The Committee considered the Companies (Amendment) Bill, 2026, moved by Shazia Marri, MNA and observed that a similar Bill, seeking to achieve substantially the same objective, had recently been considered and passed by the Committee and, after its passage by the National Assembly, is presently pending before the Senate.
In that view, the committee believed that the instant Bill may result in duplication of the earlier legislative initiative.
However, the mover maintained that her Bill is distinct in scope and intent, particularly since it seeks to make Corporate Social Responsibility (CSR) expenditure a mandatory requirement for private sector entities.
After discussion, the committee directed the ministry concerned to furnish comprehensive data regarding the quantum and pattern of CSR spending by private entities, and to provide the same to the mover for further consideration.
The committee considered the Public Sector Development Programme (PSDP); however, owing to the paucity of time could not hold detailed and comprehensive deliberations.
Keeping in view the statutory obligation, as prescribed under the relevant Rules, requiring the committee to make its recommendations before the 1st of March of the financial year, the committee was constrained to recommend that the PSDP be approved at this stage.
It was, however, recorded that detailed deliberations on the PSDP shall be undertaken in a subsequent meeting, and the ministry concerned shall be required to furnish further information and clarifications as may be sought by the committee during such future consideration.