AGL 40.02 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.99 Increased By ▲ 0.29 (0.23%)
BOP 6.66 Increased By ▲ 0.05 (0.76%)
CNERGY 4.44 Decreased By ▼ -0.16 (-3.48%)
DCL 8.75 Decreased By ▼ -0.04 (-0.46%)
DFML 41.24 Decreased By ▼ -0.34 (-0.82%)
DGKC 86.18 Increased By ▲ 0.39 (0.45%)
FCCL 32.40 Decreased By ▼ -0.09 (-0.28%)
FFBL 64.89 Increased By ▲ 0.86 (1.34%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.51 Increased By ▲ 1.74 (1.57%)
HUMNL 14.75 Decreased By ▼ -0.32 (-2.12%)
KEL 5.08 Increased By ▲ 0.20 (4.1%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.44 Decreased By ▼ -0.08 (-0.2%)
NBP 61.00 Decreased By ▼ -0.05 (-0.08%)
OGDC 193.60 Decreased By ▼ -1.27 (-0.65%)
PAEL 26.88 Decreased By ▼ -0.63 (-2.29%)
PIBTL 7.31 Decreased By ▼ -0.50 (-6.4%)
PPL 152.25 Decreased By ▼ -0.28 (-0.18%)
PRL 26.20 Decreased By ▼ -0.38 (-1.43%)
PTC 16.11 Decreased By ▼ -0.15 (-0.92%)
SEARL 85.50 Increased By ▲ 1.36 (1.62%)
TELE 7.70 Decreased By ▼ -0.26 (-3.27%)
TOMCL 36.95 Increased By ▲ 0.35 (0.96%)
TPLP 8.77 Increased By ▲ 0.11 (1.27%)
TREET 16.80 Decreased By ▼ -0.86 (-4.87%)
TRG 62.20 Increased By ▲ 3.58 (6.11%)
UNITY 28.07 Increased By ▲ 1.21 (4.5%)
WTL 1.32 Decreased By ▼ -0.06 (-4.35%)
BR100 10,081 Increased By 80.6 (0.81%)
BR30 31,142 Increased By 139.8 (0.45%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

The Federal government is giving weight to principled stance of the Government of Balochistan on the National Finance Commission (NFC) award, which demands distribution of national resources keeping in view of area, backwardness and resources of a province.
Sources in the provincial government told APP on Tuesday that Chief Minister Balochistan, Nawab Muhammad Aslam Raisani had informed certain quarters in the federal government that keeping in view the sense of deprivation amongst the people of Balochistan and unrest situation prevailing in the province, national resources should be distributed amongst provinces under formula of area, backwardness, resources and level of development of a province.
They claimed that in the meeting of finance ministers of all four provinces presided over by Federal Finance Minister, Shaukat Tarin in Islamabad to review the new NFC award issue, although Punjab Finance Minister, Tanvir Kaira had presented his government's stand that resources should be distributed under formula of population and revenue collection. However, central leadership of the Pakistan Muslim League-Nawaz (PML-N) was mulling over to show flexibility on the Punjab government's stance in order to please small provinces, which already had expressed their dissatisfaction over stance of the Punjab government on the NFC award.
Sources further said that Balochistan had also suggested that the federal government should keep 40 percent of resources, and remaining 60 percent should be distributed amongst the provinces. They maintained, the Government of Balochistan was also backing the Sindh government's demand for returning right of collection of GST on services and GST on goods back to the provinces.
Balochistan government has expressed hope that if the right of collecting GST on services and goods was handed over back to provinces, it would help in resolving woes of people of Balochistan carry out record uplift projects in the province.
As collected revenue would be utilised to The provincial government has also expressed its stance on the federal government that royalty on gas and oil should also be increased so that development works could be carried out in these areas, from where these are being gotten, sources said.

Copyright Associated Press of Pakistan, 2009

Comments

Comments are closed.