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KP faces Rs155b shortfall attributable to unpaid obligations of centre

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ISLAMABAD: Finance Minister of Khyber Pakhtunkhwa, Taimur Saleem Jhagra has mentioned the provincial authorities could be going through a shortfall of Rs155 billion attributable to unpaid obligations of the federal authorities.

Throughout an interplay with media, KPK Finance Minister Taimur Saleem Jhagra mentioned that Rs155 billion shortfall included Rs2.5 for newly-merged districts present finances, improvement finances shortfall Rs22 billion, NFC share in federal tax assortment Rs22.4 billion, NHP Rs61.2 billion and Rs25.9 billion and final quarter NMDs Rs20.4 billion of 2021-22.

Grants for Quickly displaced individuals (TDPs) have been diminished from Rs. 17 billion to zero, he added.

Moreover, he mentioned that ex-FATA’s finances was diminished after the merger and the federal authorities discontinued the Sehat Sahulat Programme for Newly Merged Districts from June 30, 2022, which is now funded by KP.

Federal Authorities’s Sehat Sahulat Programme catered to round a million households in newly merged districts (MDs) (excluding Khyber and Bajaur districts), he mentioned including that the built-in Sehat Card plus programme consists of an annual premium price of Rs. 3,000 per household and covers 1.5 million households, together with Khyber and Bajaur districts.

The estimated price of built-in Sehat Card Plus for NMDs is Rs. 4.5 billion, the minister mentioned and added that federal authorities reneged on dedication to switch PSDP funding of Rs. 5 billion to Khyber Pakhtunkhwa and indicated that the province ought to foot the invoice for integrating an extra 1.5 million households into its Sehat Card Plus programme

Improvement grant initially diminished from Rs. 54 billion to Rs. 50 billion, then revised to Rs. 55 billion after provincial authorities’s agitation.

Solely Rs5 billion has been launched to date within the present fiscal 12 months.

Khyber Pakhtunkhwa has persistently acquired lower than its due share of federal tax task and 1% battle on terror, as per the seventh NFC award Rs 25.35 billion  in opposition to Rs 26.37 billion and precise switch on account tax task Rs 211.03 billion in opposition to share of Rs 219.40 billion.

Underneath seventh NFC award allotted 14.62% share of provincial divisible pool to Khyber Pakhtunkhwa in addition to 1% grant attributable to battle on terror.

The shortfall in opposition to due share of whole Federal Board of Income (FBR) collections quantities to Rs. 22.43 billion and no quantity on account of internet hydel revenue cost was disbursed to the province because the current coalition authorities throughout eight months on the federal degree.

He mentioned that non-payment of NHP to Khyber Pakhtunkhwa has been creating fiscal issues for the province as its arrears has elevated to Rs 61.216 billion with indexation arrears Rs 21.6 billion, arrears of fiscal 12 months Rs 11.902 billion and common NHP for July-November 2022 Rs 12.218 billion  moreover Rs 16.638 billion for the remaining interval of December-June 2023.

On high of that, the FBR income assortment is rising at 15% to 16% within the present fiscal 12 months in opposition to 30% final 12 months will scale back the provincial share of federal tax revenues by over Rs 65 billion.

He mentioned that the Khyber Pakhtunkhwa authorities has elevated its income by 122 % over the past three years by introducing reforms and eradicating redundancies or

duplication in 20 taxation in addition to 8 non-taxation sub heads.

The provincial finance minister additional mentioned that the burden of pension in KP is constantly rising.

The pension invoice of Khyber Pakhtunkhwa will improve to 300 billion by the 12 months 2027.

It was Rs1 billion in 2003-04 which has now elevated to Rs 108 billion rupees, he added.

He mentioned that the KP authorities has launched new pension reforms to facilitate the 5 thousand staff.

Within the new system of pension, the federal government will contribute 10% and the worker will contribute 12.1% and we hope that modifications in pension guidelines will save 1Rs billion yearly.

The KP finance minister mentioned that the pension invoice of the federation and the provinces has been rising by 25 % yearly and  the pension invoice of the whole nation will improve from Rs 1200 billion to Rs 3000 billion by 2027.

He additionally mentioned that the KP authorities has elevated the early retirement age from 45 to 55 years and we predict that the KP authorities will even save Rs 12 billion yearly.

Taimur Jhagra additional mentioned that I had not written a letter to the IMF on the difficulty of surplus finances however I wrote a letter to the federal authorities.

I’ve no regrets and I stand by my place on the matter of the letter, he added.

Whereas replying to the query, He additionally mentioned that Federal Finance minister Ishaq Dar shouldn’t be giving assembly time for the previous few weeks to debate the monetary points going through the province.

 

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One-Man Fee to advocate J. Salik for prime civil award

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ISLAMABAD: Chairman One-Man Fee on Minorities Rights, Dr Muhammad Shoaib Suddle, in recognition of Convener World Minorities Alliance J. Salik’s distinctive companies to the reason for minorities determined to advocate the federal government to award him the highest civil award Hilal-e-Pakistan, and nominate him for this 12 months’s Nobel Peace Prize.

The letter to Julius Salik additionally J. Salik reads: “Julius Salik is God’s distinctive present to Pakistan. His momentous wrestle for democracy started throughout the martial regulation of Normal Zia. His ardour for tirelessly combating for the rights of the oppressed in unorthodox methods quickly made him the undisputed champion of the human rights of the hapless minorities.”

The previous Federal Minister for Inhabitants Welfare was thrice elected as a member of the Parliament (Nationwide Meeting) – in 1988, 1990 and 1993. In 1994, he joined the cupboard as Federal Minister of Inhabitants Welfare. In 1996, Prime Minister Shaheed Mohtarma Benazir Bhutto advisable him for the Nobel Peace Prize, describing him because the “nation’s conscience.”

J. Salik based the World Minorities Alliance in 1980. “Although I had lengthy noticed the rising campaign of this jewel within the crown of Pakistan’s Christian neighborhood, we had not met since 1995 after I headed Rawalpindi Division as Police Chief. I used to be pleasantly stunned when on 11 August 2022 J. Salik phoned me from Maryland, USA, to understand my work because the One-Man Fee for Minority Rights on the Supreme Court docket of Pakistan. Whereas thanking him, I requested him to return to Pakistan because the minority neighborhood wanted a uncommon chief like him – a frontrunner who loved the legendary integrity, braveness and belief related along with his identify,” he added.

Dr Suddle went on to say, “J. Salik and his spouse visited the Workplace of One-Man Fee on October 12, 2022. After presenting a flower bouquet, they invited me to go to a Christian Main College in H-9 Islamabad a few days later to which I readily agreed. I used to be given a rousing reception on reaching the varsity. In his welcome handle, Mr. Salik listed many difficulties confronted by the Christian neighborhood. I assured that each effort could be made to deal with the issues confronted by each academics and college students.”

On the request of Mr. J. Salik, he additionally visited Islamabad’s Kachi Abadis together with France Colony F-7/4, Miskin Colony, Musharraf Colony G-8, and J. Salik Colony G-8 on 23 November 2022. The involved senior officers of CDA, IESCO, and Sui Gasoline had been directed to be current throughout the go to.

“I need to say that I used to be shocked to see the depressing residing circumstances of the inhabitants of those colonies. In my capability as Chairman One-Man Fee for Minority Rights, I there after which issued applicable time-bound instructions to the accompanying officers and due to Mr. Salik’s untiring follow-up the required work has begun in earnest.”

The Election Fee of Pakistan (ECP) scheduled the native our bodies’ elections for Islamabad on 24 December 2022. The following day, i.e., 25 December, being Christmas Day, Mr. Salik raised severe objection to the insensitively ready election schedule and fiercely demanded its revision. The One-Man Fee straightaway took up the matter with the ECP and received the election date rescheduled to 31 December.

“I used to be invited as chief visitor on the public assembly organized by the World Minorities Alliance on the Nationwide Press Membership Islamabad on 19 January 2023. There I noticed the guide “Pakistan ke Pehchan” compiled by Mr. Jabbar Mirza on the lifetime of Mr. J. Salik. The guide is a useful assortment of outstanding tributes paid by Pakistan’s 262 prime thought leaders together with columnists, politicians, and thinkers to J. Salik. Ms Tehmina Tariq fantastically sang poet Riaz-ur-Rehman Saghir’s 19-year-old music written to honour J. Salik. I can not consider how a lot tribute is sufficient as I haven’t come throughout a person who’s cherished a lot by so many for his priceless companies to humanity.”

He added that J. Salik was about to launch a worldwide interfaith marketing campaign from Washington DC in March 2023.

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Govt detains PTI leaders, journalists to divert public consideration from inflation, unemployment: Asad

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ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) got here down laborious on the imported authorities for rising fascist tendency and rolling again the general public welfare initiatives taken by the PTI authorities one after the other amidst spiraling inflation.

PTI central Secretary Basic Asad Umar stated that the imported authorities has give you new methods to divert public consideration from the worst inflation within the historical past and rising unemployment within the nation.

He stated that the imported authorities resorted to detain PTI leaders and well-known journalists in order the media may focus on these points as an alternative of the ache and agony inflicted by the imported authorities throughout its brief few months rule.

PTI Senator and former finance minister Shaukat Tarin criticized the federal government for blocking Punjab Well being Card scheme and stated that the imported authorities was rolling again the initiatives taken by the PTI authorities to enhance the lives of the poor brethren one after the other.

“Kamyab Pakistan, Panahagahs, Ehsan ration and now flagship Sehat card had been rolled again,” he added. “Concurrently, the extravagant overseas journeys by a bloated cupboard proceed. Individuals of Pakistan is not going to forgive you for this,” Shaukat Tarin added.

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Economic system to face challenges even after IMF deal, Miftah Ismail warns

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ISLAMABAD: Former finance minister Miftah Ismail has predicted that issues on the financial entrance would “stay tight” even when the federal government manages to safe the Worldwide Financial Fund’s (IMF) bailout programme.

Pakistan — with a $350 billion financial system — is looking for an important instalment of $1.1 billion from the IMF to keep away from default.

“Issues will probably be tight for some time however we will get sufficient loans for now that we are going to get some room,” Miftah replied to a query requested throughout a query and reply session held by the previous monetary czar on the favored microblogging website, Twitter, on Sunday.

His response got here to the query: “If we safe the IMF’s tranche, will $1.1 billion be sufficient to handle financial challenges? As well as, even when we add some extra quantity from bilateral donors, who’re awaiting [the] IMF nod, our reserves will nonetheless proceed to dwindle due to exterior funds, then what’s the answer?”

The PML-N stalwart, nonetheless, stated that for the longer term “we’ve got to determine a option to export extra”.

Pakistan is spiralling deeper into disaster amid a scarcity of {dollars} and accelerating inflation, with reserves falling to a nine-year low.

Finance Minister Ishaq Dar is going through the troublesome job of convincing the IMF that the nation is able to implement different powerful measures, together with elevating taxes and gasoline costs.

Nevertheless, Prime Minister Shehbaz Sharif earlier at the moment — whereas addressing the Azad Jammu and Kashmir Legislative Meeting in Muzaffarabad, — once more stated that the “nation is going through substantial monetary challenges”, with the IMF “combing each guide” and reviewing “all the things” and “each subsidy” in the course of the ongoing negotiations over the ninth assessment of the $6.5 billion mortgage programme.

Miftah — in response to a query relating to the financial injury triggered because of the delay within the resumption of the bailout programme  — stated that Pakistan misplaced credibility within the eyes of worldwide gamers, which is “very expensive”.

“Plus we misplaced a number of billion {dollars} in remittance and exports and in misplaced loans. And at last, this delay resulted in lots of factories closing, shortages, and many others. So fairly a little bit of loss,” he added.

Replying to a different query relating to the final elections within the present financial situation, Miftah stated he doesn’t see how the polls can clear up the instant financial issues.

In September final 12 months, Dar changed Miftah after months of hypothesis that Pakistan Muslim League-Nawaz supremo Nawaz Sharif and Dar had been sad with a few of his key choices, particularly with regard to the gas value hike.

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