Peshawar:The Ist meeting of the Provincial Finance Commission was held here today under the chairmanship of KP Minister for Finance, Muzaffar Said at Peshawar.
The meeting had detailed discussion upon the formula for distribution of resources among the district government and it was decided that next meeting will be held on 3rd November, 2015 to discuss the distribution formula for the development funds allocated for the district governments out of provincial proceeds. The participants will also be informed about financially weak and newly established TMAs.
The Chairman Provincial Finance Commission/Finance Minister, Muzaffar Said welcomed all the participants. After the introduction, he apprised the participants about the objectives and importance of this forum. Ahmed Hanif, Secretary Finance briefed the commission about the objectives composition and functions of Provincial Finance Commission.
Besides, he also briefed the forum about the historical perspective of receipts and fiscal transfer to the local government for current and development expenditure for 2015-16.
The meeting was also attended by Inayatullah Khan, Senior Minister for Local Government, Elections and Rural Development, Co-Chairman (PFC), Mohammad Ali Shah Bacha MPA, Samiullah Ali Zai, MPA, Ahmad Hanif, Secretary Finance Department, Member/Secretary PFC, Syed Jamaluddin Shah, Secretary Local Government Department, Arifeen, Secretary Law Department, Mohammad Ayaz, Chief Economist, P&D Department, Niaz Ahmad, District Nazim Shangla, Azizullah, District Nazim DIKhan, Aslam Hayat Khan, Tehsil Nazim and Azazullah, Tehsil Nazim.