The Senate’s standing committee on finance has reached on consensus for Reformed GST. Further legislation on Reformed GST will be introduced from November 27. The said bill was strongly criticized by the Pakistan Muslim League and by also some members of the ruling Pakistan Peoples Party. However, amazingly the senate member of MQM didn’t show up in the meeting. The Finance Minister while addressing the Senate’s Standing Committee declared that the country’ economy would not be affected much if the IMF does not release the sixth tranche within time.

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