Meeting to review financial problems of KP will be held on December 27, 2013

Peshawar: A consultative meeting to review the financial problems of Khyber Pakhtunkhwa will be held at the Finance Department Committee Room, Civil Secretariat Peshawar on Friday December 27, 2013, which will be attended by ex-Finance Ministers of the province who will give their proposals in regard solving the financial constraints of the province.

Ex-Finance Ministers, Humayun Khan, Haji Adeel, Shah Raz Khan, Rauf Khan, Nawabzada Mohsin Ali Khan, Salim Saifullah Khan and Fariduddin would be involved in the consultation process to reach at the solution stage of the financial constraints in the way of progress of Khyber Pakhtunkhwa.

It is worth mentioning that the Khyber Pakhtunkhwa Province, on one hand is facing economic problems due to law and order situation while on the other hand, the federal government is also reluctant to give the Khyber Pakhtunkhwa province its due rights.

The federal government is not accepting AGN Qazi formula in regard net hydel profit as well as the decision of arbitration tribunal. The federal government is also reluctant to release funds for the developments schemes approved by federal government for Khyber Pakhtunkhwa. The Punjab and Sindh provinces are utilizing the vast hydro potentials of Khyber Pakhtunkhwa.

The Khyber Pakhtunkhwa province is not given its right in accordance with the agreement of water distribution. The Khyber Pakhtunkhwa province should be given 130 billion by Punjab and Sindh in the water sector. The then Khyber Pakhtunkhwa government also did not start any mega projects in the province due to which the people of the province are facing problems.

The law and order situation in FATA is directly affecting the Khyber Pakhtunkhwa province as less economic activities are taking place here which has badly affected the infrastructure but the federal government is not giving the Khyber Pakhtunkhwa province its due rights to solve the mentioned problems. In the consultative meeting on December 27, the Khyber Pakhtunkhwa Finance Minister, Sirajul Haq will brief the ex-Finance Ministers regarding financial problems of the province and a strategy will be formulated in consultation with the participants of the meeting.

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