AGL 37.94 Decreased By ▼ -0.54 (-1.4%)
AIRLINK 193.91 Decreased By ▼ -9.11 (-4.49%)
BOP 9.32 Decreased By ▼ -0.85 (-8.36%)
CNERGY 5.84 Decreased By ▼ -0.70 (-10.7%)
DCL 8.68 Decreased By ▼ -0.90 (-9.39%)
DFML 36.46 Decreased By ▼ -3.56 (-8.9%)
DGKC 92.54 Decreased By ▼ -5.54 (-5.65%)
FCCL 33.97 Decreased By ▼ -0.99 (-2.83%)
FFBL 82.30 Decreased By ▼ -4.13 (-4.78%)
FFL 12.75 Decreased By ▼ -1.15 (-8.27%)
HUBC 120.61 Decreased By ▼ -10.96 (-8.33%)
HUMNL 13.60 Decreased By ▼ -0.42 (-3%)
KEL 5.22 Decreased By ▼ -0.39 (-6.95%)
KOSM 6.52 Decreased By ▼ -0.75 (-10.32%)
MLCF 42.11 Decreased By ▼ -3.48 (-7.63%)
NBP 59.81 Decreased By ▼ -6.57 (-9.9%)
OGDC 211.17 Decreased By ▼ -9.59 (-4.34%)
PAEL 37.58 Decreased By ▼ -0.90 (-2.34%)
PIBTL 8.07 Decreased By ▼ -0.84 (-9.43%)
PPL 190.32 Decreased By ▼ -7.56 (-3.82%)
PRL 38.17 Decreased By ▼ -0.86 (-2.2%)
PTC 23.45 Decreased By ▼ -2.02 (-7.93%)
SEARL 97.94 Decreased By ▼ -5.11 (-4.96%)
TELE 8.22 Decreased By ▼ -0.80 (-8.87%)
TOMCL 35.03 Decreased By ▼ -1.38 (-3.79%)
TPLP 13.55 Decreased By ▼ -0.20 (-1.45%)
TREET 22.73 Decreased By ▼ -2.39 (-9.51%)
TRG 52.87 Decreased By ▼ -5.17 (-8.91%)
UNITY 32.96 Decreased By ▼ -0.71 (-2.11%)
WTL 1.52 Decreased By ▼ -0.19 (-11.11%)
BR100 11,349 Decreased By -541.2 (-4.55%)
BR30 34,972 Decreased By -2384.1 (-6.38%)
KSE100 106,275 Decreased By -4795.3 (-4.32%)
KSE30 33,353 Decreased By -1555.7 (-4.46%)

Ninety eight percent of Fata Development Authority (FDA) budget will have to be spent on throw forward liabilities and with the remaining just nominal two percent only two new schemes can be conceived. Taking up in hand of these two new schemes cannot also be ensured because during the present financial year, ie 2012-13, a total of Rs 1340 million had been allocated to it in the budget, of which just Rs 1181 million had been released.
This was informed in a briefing to the parliamentarians from Fata by the Chief Executive of FDA Fida Wazir in Islamabad on Monday. Majority of the MNAs and Senators actively participated in discussing various issues raised during the briefing. The participants were also informed that fund allocation was always made to Fata on the basis of resource specifics and not demand specifics but even then due to constant shortages of funds, delays occurred in execution of different development schemes and given the cost escalations, the throw forward liabilities were piling up. This year such liability is Rs 5.4 billion against the total expected allocation of Rs 1658 million for the upcoming financial year, ie 2013-14, they were told.
It was also informed that 10 development schemes were due for completion which required Rs 178 million but the expected allocation was just Rs 56 million. The two new schemes related to industrial estate in FR Kohat Phase-II, and the other related to mineral development respectively with an allocation of Rs 10 million and Rs 20 million.
With regard to the FDA programme of skill development initiatives in Fata it was informed that "unemployment is the main problem" there and though the FADA is not only imparting training of different skills to the people of Fata and help the so trained personnel in getting jobs but this seems to be too little a contribution to resolve the whole miss. It was, therefore, decided that the government would be asked for increasing the budget of FDA and also an assurance for timely release of the funds so allocated.

Copyright Business Recorder, 2013

Comments

Comments are closed.