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Print Print 2023-12-24

SBA: MoF says commitments being fulfilled

  • Spokesman for the Finance Division says the arrangement was evident from the successful completion of the first review of the Staff Level Agreement
Published December 24, 2023

ISLAMABD: The Finance Ministry on Sunday stated that the government is fulfilling all the commitments agreed with the International Monetary Fund (IMF) under the Stand-By-Arrangement (SBA)

A spokesman for the Finance Division on Saturday further stated that this was also evident from the successful completion of the first review of the Staff Level Agreement (SLA).

In response to a news item by a private channel, he added that neither release of fund have been delayed for employees-related expenditures (ERE) nor for development expenditure.

Govt appears confident ahead of SBA talks

However, when tried to contact the spokesman to ascertain how much development funds have so far been released, he was not available. The spokesman, in fact, claimed that the Finance Division has released (salary, pension and non-ERE) and development expenditure for the second quarter of the current fiscal year as well.

He added that tax collection by the Federal Board of Revenue (FBR) and non-tax revenue collection have been on track and subsidies to the power sector are being made available as per the requirement of Circular Debt Management Plan (CDMP).

Additionally, the Finance Division has also released all the funds of the second quarter to the Benazir Income Support Program, which are being disbursed to the beneficiaries.

Additionally, the Planning, Development and Special Initiatives Division has accordingly, authorised funds for development expenditure to the ministries. The Finance Division and the Planning Division have not changed the release strategy and claimed that reports in this regard are inaccurate.

Copyright Business Recorder, 2023

Comments

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Mohsun Dec 24, 2023 04:13am
I born in Kuwait me and my family came back from Kuwait during a war between Kuwait and Iraq in 1990 I need to claim our financial situation is not god we don’t even have our own home in Pakistan I need my claim specifically to me not to any other person I am not able to work now I am 43 of age I have my brothers and sisters with me who born in Kuwait and they also came back from Kuwait during the war
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KU Dec 24, 2023 10:44am
Commitments fulfilled and people being skinned alive, adding millions to poverty every few months.
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PakLitlleKiss Dec 24, 2023 01:24pm
@Mohsun, why don't go back. We have sent Afghans back, what's so special about you?
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Fayaz Dec 24, 2023 02:42pm
Keep it up! Inshallah new commitments will now assigned and fufill by your brother
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Fayaz Dec 24, 2023 02:43pm
Keep it up! Inshallah soon new commitments will be assigned and fufill by your brother
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