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Federal govt denies reducing, delaying funds transfer to provinces

KARACHI: The Ministry of Finance has dismissed reports that it has reduced or delayed the transfer of funds to any of the provinces under the NFC Award. In a clarification issued on Monday evening, the ministry said all the provinces have been receiving their share in accordance with the NFC Award. “The Federal Government makes […]

KPK Assembly passes Rs648bln ‘surplus budget’ amid ruckus

From Our Correspondent PESHAWAR: Khyber-Pakhtunkhwa Finance Minister Taimur Saleem Jaghra yesterday unveiled a surplus budget for 2018-19 fiscal year as opposition parties boycotted the session over PML-N president’s incarceration. The budget outlay is Rs.648 billion, with the expenditures estimated at Rs.618 billion, targeting a Rs30 billion surplus. The government has proposed an allocation of Rs.180 billion for […]

Hattar, Rashakai planning report ‘rigged with mistakes’: KPK P&D dept

From Our Correspondent PESHAWAR: Khyber-Pakhtunkhwa Planning and Development department (P&D) observed “serious shortcomings and inconsistencies” in a report outlining plans for Special Economic Zone of Hattar and Rashakai. Reviewing the documents containing details of the two SEZ following under China-Pakistan Economic Corridor (CPEC), submitted to the Board of Investment and Special Economic Zone (SEC) Secretariat by […]

KPK, Chinese company to develop Rashakai SEZ

From Our Correspondent PESHAWAR: An agreement between Khyber Pakhtunkwa Economic Zones Development and Management Company (KPEZDMC) and China Road and Bridge Corporation has been signed to develop 1000 acres SEZ at Rashakai, in Nowshera district. The project is expected to get SEZ status from Board of Investment shortly. The CEO, KPEZDMC Saeed Ahmed said this […]

KPK police jurisdiction extended to tribal region

From Our Correspondent PESHAWAR: The authority of Khyber Pakhtunkhwa police has been extended to tribal areas of Pakistan in the light of the FATA reforms. The government has already made laws to merge the tribal region with KPK. It was a longstanding demand of the people. In a recent development, the KP police department has […]