Business & Finance

CM Sindh chairs meeting of Sindh Finance dept

Published May 13, 2019 Updated May 13, 2019 08:38pm

According to the finance department as per budget estimates the federal government has to transfer Rs. 605.3 billion during the current financial year, said a statement on Monday.

The 10-months estimates comes to Rs. 504.4 billion but they have transferred only Rs. 380 billion to Sindh government which shows a shortfall of Rs. 123.5 billion.

The chief minister decided to curtail non-development expenditures and axed releases to slow moving on-going development schemes so that the schemes going on at fast track could be completed.

The Sindh CM also directed finance department to release budget to the essential services.

Copyright APP (Associated Press of Pakistan), 2019