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The federal government has failed to release Rs 9 billion out of the total Rs 12 billion under the head of net hydel profit to Khyber Pakhtunkhwa province during the last two financial years. The province had received only Rs 3 billion out of the total Rs 12 billion accumulated during the last two financial years, said KP Secretary for Finance Sahibzada Saeed Ahmad while briefing the media persons regarding his department's five-year performance, here on Monday.
"We didn't receive a single penny in the ongoing fiscal year," he said and added that the centre had released only Rs 3 billion during the last financial year 2011-12. As per decision of the arbitration tribunal, the federal government was bound to pay Rs 6 billion each financial year to KP under the head of net hydel profit, he maintained.
He said that during the last two fiscal years, the federal government had extended Rs 33 billion as additional grant to KP on account of war on terror from the central divisible pool. For the current financial period, he said the province was to receive Rs 22 billion, to be spent on maintaining law and order in the province. Regarding the increase in provincial government employees' salaries, he said that during the last five years a total of 125 percent increase was made in the salaries besides increase in risk allowance.
Responding to a query, he said that funds for various schemes had been allocated through a certain procedure and no fund was released without due completion of the legal procedure. Under the reforms programme, he said an internal audit programme would be initiated in all the government departments and with the approval of the provincial cabinet, the internal audit system was going to be introduced initially in health, education, communication and works and police departments.

Copyright Business Recorder, 2013

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