PPP, Mushar­raf ....

Pakistan Observer - - IN­TER­NA­TIONAL -

present govern­ment for do­ing away with the se­cret funds.

He said af­ter the 18th amend­ment the prov­inces could take loans, adding that three out of four prov­inces have an­nounced deficit bud­get.

Ishaq Dar said fis­cal deficit has been de­creased by 50 per­cent dur­ing three years of cur­rent govern­ment. He said the beg­ging bowl has not been made by cur­rent govern­ment but it was made by PPP and Mushar­raf govern­ments. He said the cur­rent govern­ment is try­ing to over­come the beg­ging bowl.

He said the PML N govern­ment would bring the debt to GDP ra­tio to 60 per cent by 2018, which would be fur­ther re­duced to 50 per cent in next 15 years.

He said the crit­i­cism on the pres­i­dency bud­get is un­jus­ti­fied and un­fair. He said there is no se­cret ser­vice fund of any­one ex­cept in­tel­li­gence agen­cies.

He said the govern­ment is aware and con­scious about the Torkham sit­u­a­tion. He said prime min­is­ter has sum­moned Spe­cial As­sis­tant Syed Tariq Fatemi in Lon­don and he has left for Lon­don. He said peo­ple should eat chicken in­stead of pulses. He said chicken is Rs 200 per kilo­gram and Mash pulse is Rs 260 per kilo­gram.

Fed­eral Fi­nance Min­is­ter Ishaq Dar told Na­tional Assem­bly that he has chal­lenged a po­lit­i­cal party’s leader over foren­sic au­dit of as­sets. “I have chal­lenged a po­lit­i­cal party leader that we both shall con­duct a foren­sic au­dit of our as­sets, who­ever owns il­le­gal as­sets will pay the fee,” Ishaq Dar told NA.

Re­fer­ring to Im­ran Khan, he told the house that when a se­nior par­lia­men­tar­ian, leader of a party, blamed his son (Ali Dar) “he served a le­gal no­tice to him”.

An­swer­ing op­po­si­tion bench mem­ber Sheikh Rashid’s al­le­ga­tions, the min­is­ter said that he will leave pol­i­tics if Rasheed proves that he has sin­gle ru­pee stashed abroad. He said this year three out of four prov­inces had deficit bud­get and they should con­cen­trate on their ca­pac­ity as af­ter their de­vo­lu­tion un­der the 18thA­mend­ment they did not prop­erly spend the amount they got from the fed­eral di­vis­i­ble pool. But he added the govern­ment should fo­cus on the fed­eral deficit. He said for the first time in the coun­try’s his­tory, the govern­ment had ap­proved 62 per cent of the rec­om­men­da­tions for­warded by the Se­nate for in­cor­po­ra­tion in the Fi­nance Bill 2016 17.

To the ques­tions re­lated to in­ter­est or mark up on debt, the Fi­nance Min­is­ter said the debt ser­vic­ing had direct rel­e­vance with loans.”When you take debt you have to pay mark up.” He said Pak­istan Mi­cro­fi­nance In­vest­ment Com­pany (PMIC) would be op­er­a­tional from the be­gin­ning of next fis­cal year to cater to de­mands of 25 mil­lion peo­ple who need mi­cro­fi­nance.

The Pak­istan Poverty Al­le­vi­a­tion Fund and Ger­many’s Kred­i­tanstalt fur Wieder­auf­bau (KfW) have al­ready signed an agree­ment in this re­gard, he added. In July the com­pany would be op­er­a­tional­ize and it would have big base and pro­fes­sional ca­pac­ity, he said.

Speak­ing on the charged ex­pen­di­tures, the mem­bers said the govern­ment should re­visit its pri­va­ti­za­tion pol­icy and prof­itable units should not be pri­va­tized to pay off the for­eign and do­mes­tic loans. They pointed out that a ma­jor amount of the bud­get is go­ing in debt ser­vic­ing and the govern­ment should cut non­de­vel­op­ment ex­pen­di­tures and put the coun­try on self-re­liance.

They said Pak­istan Post Of­fice has a big in­fra­struc­ture and fa­cil­i­ties like the ac­qui­si­tion of pass­port should be made avail­able at the post of­fices. They rec­om­mended that the salaries of elected par­lia­men­tar­i­ans should be en­hanced, as it will also help end cor­rup­tion. The mem­bers said that ser­vices of Pak­istan Rail­ways should be im­proved for the con­ve­nience of the pas­sen­gers. They said re­forms should be in­tro­duced in the ju­di­ciary in or­der to pro­vide in­ex­pen­sive and prompt jus­tice to the masses.

Mean­while, the Na­tional Assem­bly on Satur­day passed 75 de­mands for grants re­lat­ing to dif­fer­ent min­istries, di­vi­sions and de­part­ments for the next fis­cal year on Satur­day.

Th­ese re­lated to Cli­mate Change, Com­merce Di­vi­sion, Com­mu­ni­ca­tions Di­vi­sion, Pak­istan Post Of­fice, De­fense Di­vi­sion, Fed­eral Govern­ment Ed­u­ca­tional In­sti­tu­tions, Hous­ing and Works, In­dus­tries and Pro­duc­tion Di­vi­sion, Min­istry of In­for­ma­tion and Broad­cast­ing, Min­istry of In­for­ma­tion Tech­nol­ogy and Telecom­mu­ni­ca­tion, Min­istry of Kash­mir Af­fairs and Gil­git Baltistan, Law and Jus­tice Di­vi­sion, Coun­cil of Is­lamic Ide­ol­ogy, NAB, the Na­tional Assem­bly, the Se­nate, Na­tional Health Ser­vices, Overseas Pak­ista­nis and Hu­man Re­source De­vel­op­ment, Plan­ning and De­vel­op­ment, Pak­istan Rail­ways, Min­istry of Re­li­gious Af­fairs, Fron­tier Re­gions, Fed­er­ally Ad­min­is­tered Tribal ar­eas and the Tex­tile in­dus­try. The op­po­si­tion moved no cut mo­tions on th­ese de­mands for grants. The House held dis­cus­sion on the Charged Ex­pen­di­tures in­cluded in the De­mands for Grants and Ap­pro­pri­a­tions for fi­nan­cial year 2016-17.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.