Dar pledges support for KP's economic uplift

Nov 30, -0001

ISLAMABAD: Federal Minister for Finance Senator Mohammad Ishaq Dar Tuesday said government would extend all possible support to Khyber Pakhtunkhwa (KP) administration for economic uplift of the militancy-torn province.

This he said during a meeting with Khyber Pakhtunkhwa Chief Minister Pervez Khattak.

Khawaja Asif, Federal Minister for Water and Power, Shahid Khaqan Abbasi,Federal Minister for P&NR and senior officials from the federal and KP governments attended the meeting which lasted for over two hours.

federal government organizations and departments engaged in development works in Khyber Pakhtunkhwa would also be asked to undertake their obligations with devotion and dedication, he added.

The chief minister apprised the finance minister of issues related to Ministry's of Water and Power, Petroleum and Natural Resources, Finance (FBR), Planning and Development.

The Chief Minister at the outset mentioned about outstanding payment of net hydel profit to KP.

It was agreed that the issue would be taken up by Ministry of Water and Power on priority with inputs from NEPRA and WAPDA to propose workable options. A meeting in this regard would be held in March with due representation from KP.

All issues related to Ministry of Water and Power and KP would be discussed at working level meetings, proposing the way forward.

The finance minister appreciated development projects undertaken by the province but, he said there had to be proper consideration and approval by Executive Committee of National Economic Council (ECNEC) which was the right forum for this purpose.

"We would like to initiate a consultative process between the centre and provinces for allocation of funds for projects as prioritized by the provinces themselves".

He also opined that the KP government could surrender projects which it deemed unbeneficial and accordingly the funds could be redirected to other priority areas. The KP side welcomed the suggestion.

The CM also requested for sovereign guarantees in regard to Hydro or`other IPPs owned by the Government of KP for projects above 50 MW by PEDO.

It was decided that the Centre will facilitate the province in the matter so that financial close of the projects could be conveniently realized.

The Finance Minister instructed Chairman FBR to liaise with the representatives of KP government and propose workable solutions for all tax related matters.

Chief Minister, Pervez Khattak on the occasion voiced KP's interest to be incorporated in the energy corridor to benefit from the number of projects being undertaken under it.  

The Finance Minister expressed support in this regard reiterating that the Federal Government, in true national spirit, deemed this an obligation to extend support to all the provinces.

Both sides agreed on continued engagement to discuss and resolve all outstanding issues in larger national interest. - APP

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