Federal govt sitting on Sindh govt’s Rs269 billion
Federal govt sitting on Sindh govt’s Rs269 billion
Zafar Ahmed Khan
LatestPakistan

KARACHI: Sindh Chief Minister Syed Murad Ali Shah said that the federal government during the nine and half months of current financial year has transferred Rs 406 billion against a share of Rs526 billion; thereby making a shortfall of Rs119 billion. 

KARACHI: Sindh Chief Minister Syed Murad Ali Shah said that the federal government during the nine and half months of current financial year has transferred Rs 406 billion against a share of Rs526 billion; thereby making a shortfall of Rs119 billion.

While presiding over a held the 7th floor of New Sindh Secretariat on Thursday, Chief Minister Sindh Syed Murad Ali Shah said that this has badly affected the development endeavors of the provincial government.

The meeting was attended by Chief Secretary Syed Mumtaz Shah, the provincial ministers, advisors and concerned officers.

On the agenda of the cabinet there were 14 items, including confirmation of the minutes of the last cabinet meeting.

Sindh Chief Minister Syed Murad Ali Shah told the cabinet members that the revenue transfers from the federal divisible pool, straight transfers and grants constituted 78 percent of gross provincial revenues.

He said during the current financial year federal government had to transfer Rs526 billion against which it had released 406 billion. The shortfall of Rs119 billion has affected the ADP of the provincial government. “I am an optimistic person and hope that the federal revenue transfers would improve in the coming months, otherwise we would not be able to meet the expenditures of salaries of the provincial government.