The President of Pakistan, Dr Arif Alvi has formally approved the Finance Bill 2020-21 on Tuesday under Article 75 of the Constitution.
A press release has been issued by the President House stated that the final approval has been given by President Alvi to the Finance Bill 2020-21 after it was passed by the parliament.
Earlier, amidst the criticism by the opposition parties, the National Assembly of Pakistan approved the federal budget for the fiscal year 2020-2021 on Monday.
The finance bill of Rs7.14-trillion was presented on June 12 by Industries and Production Minister Hammad Azhar.
Later, the government benches were successful in getting the budget approved to give effect to the financial proposals. The parliament, however, rejected the amendments proposed by the Opposition in the bill.