ISLAMABAD: Prime Minister Shahid Khaqan Abbasi will need to decide the renewed distribution of resources among the centre and provinces in absence of the finance minister, but the government seems reluctant to indulge in such thorny issues ahead of general elections, economists said on Thursday.

The economists said Prime Minister Abbasi would need to head the meetings to decide the fresh resources distribution formula to present the much-awaited 8th National Finance Commission (NFC) award.

They, however, argued that chances are quite dim for any breakthrough as they said the government doesn’t want to create a controversy over resources sharing ahead of general elections scheduled in mid of this year.

The 7th NFC award expired in 2014/15 after completing its five-year life since 2009. Since then, the award has been extended for interim periods.

Currently, Abbasi holds an additional portfolio of Finance Minister, though he has appointed Advisor to PM on Finance Miftah Ismail as well as Minister of State for Finance Rana Mohammad Afzal to run the affairs of the financial issues.

Kaiser Bengali, who represents Balochistan as non-official NFC’s member, said the premier couldn’t delegate powers to anyone to head the NFC meeting “under the constitutional requirement�.

Bengali recalled that when ex-chief minister Sindh Qaim …read more

Source:: The News International – Business

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *