A significant breakthrough has been achieved as the provinces have agreed to support the federal government under a federal fiscal deficit support agreement. The development is expected to remove major hurdles in finalizing the upcoming national budget and strengthen coordination between the federation and the provinces. A joint meeting of the government and the Pakistan […]
provinces
Provinces urged to deliver on population commitments
The Population Council, in collaboration with the Information Service Academy (ISA) and the United Nations Population Fund (UNFPA), convened a Media Coalition Meeting in Islamabad to strengthen the media’s role in advancing Pakistan’s National Action Plan on population under the Council of Common Interests (CCI). The meeting brought together senior journalists, communication experts, and public […]
NFC meeting rescheduled yet again
ISLAMABAD: After multiple delays, the federal government has finally fixed December 4 as the date for the inaugural meeting of the 11th National Finance Commission (NFC). The session, to be chaired by Finance Minister Muhammad Aurangzeb, will set the procedural groundwork for upcoming discussions on horizontal and vertical resource-sharing among the Centre and provinces. Read […]
Wheat Seed Supply Boosts Provincial Sowing Drive
The wheat sowing campaign is progressing rapidly across Pakistan. All provinces have received sufficient wheat seed for their Rabi season targets. The Ministry of National Food Security confirmed delivery of 168,000 tonnes from private suppliers and 196,000 tonnes from the Punjab Seed Corporation. Provinces now have the resources to meet their cultivation goals efficiently. Punjab […]
MQM-P says constitutional provision invokes creation of new provinces
The top leadership of the federal coalition partner Muttahida Qaumi Movement-Pakistan (MQM-P) pointed out on Thursday that constitutional provisions require the creation of new provinces after certain conditions are met, as politicking heats up ahead of a possible 28th constitutional amendment. The party claimed on Monday that its proposed constitutional amendment, aimed at empowering local […]
NFC meeting delayed again as growth outlook dips
ISLAMABAD: The first session of the newly formed National Finance Commission (NFC) remains nowhere on the horizon, with the latest proposed date of November 18 quietly pushed back. The delay comes as the government revises the economic growth forecast downward by up to 0.7 percentage points, setting the new estimate at 3.5 per cent for […]
Punjab gets lion’s share of 51.74 percent budgetary distribution among federation, provinces
ISLAMABAD: The Punjab province got lion’s share of 51.74 percent in budgetary distribution of resources among the federation and provinces while Sindh’s share was 24.55 percent and 14.62 percent and 9.09 percent share would be distributed to Khyber Pakhtunkhwa and Balochistan respectively. According to the Budget Brief, the province-wise ratios were based on multiple indicators […]
PM directs federal ministries, provinces to promote investment
ISLAMABAD: Prime Minister Imran Khan on Thursday highlighting importance of investment in achieving rapid and sustainable economic growth and development in the country called for ensuring ease of doing business for the investors. “As the country is moving towards economic stability, investment is the most important factor in sustaining this stability and achieving rapid economic […]
Sherry submits ‘calling attention’ notice on ‘water crisis’ in Sindh
ISLAMABAD: Pakistan People’s Party leader in Senate Senator Sherry Rehman has said that she has submitted a ‘calling attention’ notice in the upper house of the parliament on the ‘water crisis’ in Sindh. “It is alarming that the government has reopened the Taunsa-Panjnad link canal despite a vote-based (3-1) decision against its opening during recent […]
Govt will provide grants to provinces if baselines fulfilled
Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Abdul Hafeez Shaikh, chaired the meeting of Fiscal Coordination Committee (FCC). The Fiscal Coordination Committee (FCC) on Saturday approved a recommendation made by its sub-committee on Public Finance Management Reforms, which set out out certain conditions for the centre to provide grants to provincial governments, […]