President Alvi signs finance bill
President Arif Alvi signed the Finance Supplementary Bill 2023 on Thursday, which was sent to him on Wednesday — two days after the National Assembly passed it on February 20.
The Prime Minister Secretariat sent the Finance (Supplementary) Bill, 2023, generally known as the mini-budget, to the President Secretariat on Wednesday evening for assent.
“The president gave the approval to the bill in accordance with Article 75 of the Constitution,” the media wing of the President House said in a statement issued today.
Under Article 75 (1), the president has no power to reject or object to the finance bill, which is considered to be a money bill as per the constitution.
Article 75 reads “When a Bill is presented to the President for assent, the President shall, within [ten] days,–(a) assent to the Bill; or (b) in the case of a Bill other than a Money Bill, return the Bill to the Majlis-e-Shoora (Parliament) with a message requesting that the Bill or any specified provision thereof, be reconsidered and that any amendment specified in the message be considered”.
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