ISLAMABAD: Parliamentary panels on Monday rejected several proposals aimed at granting broader powers to station tax officials at factory premises while approving others that mandate income declarations to help formalise the cash economy.

The Senate and National Assembly Standing Committees on Finance and Revenue held simultaneous meetings to conduct a clause-by-clause review of the Finance Bill 2025-26, proposing amendments or rejecting certain measures outright.

Senator Saleem Mandviwalla and MNA Naveed Qamar chaired their respective committees, which were attended by senators and members of the National Assembly (MNAs) at the Parliament House.

The parliamentary panel of the National Assembly has rejected the proposal to deploy FBR employees to monitor industrial production. Mr Qamar stated that FBR should not be granted authority to deploy personnel from the police, Rangers, or Intelligence Bureau, adding that........

© Dawn Business