The Senate Standing Committee on Finance and Revenue, during its meeting on Thursday has directed that the Chairman Federal Board of Revenue(FBR) to ensure presence during meetings of the Committee.
The Committee met at the Parliament House under the Chairmanship of Senator Salim H. Mandviwala further consider “The Public Private Partnership Authority Bill, 2016] as passed by the National Assembly. The Bill provides regulatory and enabling environment for private participation in provision of public infrastructure and related services through fair and transparent procurement.
The Committee deferred the Bill to a future meeting for further consideration with the direction to Ministry of Finance to give response on amendments being proposed by the Committee. The Committee, after receiving response, would finalize its report in the next meeting.
While considering the “The Corporate Rehabilitation Bill, 2017” showed its concern on introducing a Bill by government on a subject as a same kind of Private member Bill was moved by Chairman of the Committee Senator Salim Mandviwala and has already been passed by Senate and transmitted to National Assembly. However, the Committee decided to propose some appropriate amendments in the government Bill and deferred it for further consideration till next meeting. The Committee was of the view that the Bill is highly important and needs detailed consideration to formulate solid recommendations.
The Committee also discussed Private Members’ Bill “ Partnership ( Amendment Bill,2016) moved by Senator Muhammad Azam Khan Swati and decided to defer further consideration for seeking appropriate response from the ministry of Finance and relevant authorities.
The meeting was attended by Senators Ilyas Ahmad Biliour, Muhammad Mohsin Khan Leghari, Ayesha Raza Farooq, Saud Majeed, Sardar Fateh Muhammad Muhammad Hassani and Mohsin Aziz besides senior officers of the ministry of Finance and FBR.