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• KP finance czar says federal govt facing Rs1.7tr ‘fiscal hole’
• Muzammil Aslam claims Centre in a tight spot due to coalition partners’ needs, IMF ‘over-commitments’
ISLAMABAD: The federal government is having problems formulating the budget, owing to an around Rs1.7 trillion fiscal hole and wants the provinces, particularly Punjab and Sindh, to shoulder a greater financial burden, Khyber Pakhtunkhwa’s finance czar claimed on Wednesday.
Speaking at a news conference, KP Adviser on Finance Muzammil Aslam said the uncertainty following the cancellation of National Economic Council (NEC) meeting and the rescheduling of Annual Plan Coordination Committee (APCC) was very concerning for the markets, as was evident from the massive recent plunge at the Pakistan Stock Exchange.
