Govt mulling delay in govt employees' salaries?
Q2 funds for salaries and development projects along with BISP already released, says finance ministry spokesperson
After a private news channel aired news hinting at a possible delay in the issuance of funds for federal government employees' salaries and development projects, the Ministry of Finance Saturday categorically rebuked such rumours terming them as "totally baseless and false".
“It would have been appropriate for the news channel to contact the Finance Division's spokesperson," the ministry's spokesperson said in a statement while lamenting that the relevant forum was not approached on this matter.
The statement stressed that Pakistan remains on track to meet all commitments of the International Monetary Fund (IMF) program, evident by the smooth and successful completion of the Staff Level Agreement (SLA) of the first review.
The official also elaborated on the details of important fiscal highlights relating to funds availability, adding the finance division has already released the Q2 (second fiscal quarter) funds for both current (salary pension and non-ERE) and development expenditures.
Furthermore, the Planning, Development, and Special Initiative (PD&SI) Division has accordingly authorised funds for development expenditure to line ministries.
No change has been made by the Finance Division or Planning Division in the release strategy as wrongly reported by the particular channel, the statement said.
Moreover, the statement underscored that the Finance Division has released all Q2 (second fiscal quarter) funds for the Benazir Income Support Programme (BISP), and transfer to beneficiaries is already well underway.
Similarly, all funds committed to subsidising the power sector, in line with Circular Debt Management Plan (CDMP) requirements, have been made available by the division, the spokesperson added.
Meanwhile, staying true to the tradition, the release of salary to the Christian community before Christmas has been ensured by the Finance Division.
The statement highlighted that the revenue collection by the Federal Board of Revenue (FBR) and NTR collection by other ministries is fully on track.
“These facts clearly establish that the said news item was aired without any evidence and without taking the viewpoint of the government,” it added.
-
Michael Saylor drops new clues about future Bitcoin buys
-
Could Anthropic's IPO beat SpaceX's record?
-
Tata Steel turns to government for fresh funding as industry crisis deepens: What to know
-
BOJ rate hike to 31-years high: Economic outlook and broader impact
-
Gold hits one-week high: Here’s what’s driving the rise
-
Bank of England sounds inflation alarm as it holds interest rates upto 4%
-
US jobless claims drop sharply below forecasts: Here’s why
-
Snap targets enterprise market for specs AR glasses with Salesforce, Nvidia and AWS AI tools
-
Google agrees biggest carbon-removal deal: What to know
-
UK FCA eyes tokenized gold to boost London wholesale market liquidity—Here's why it matters
-
Meta launches new subscription with enhanced AI features and premium tools
-
AI stocks crash as top lab CEOs demand emergency technology slowdown amid extinction fears