Federal Govt to provide grants to provinces through incentive grant system

News Image

MG News | May 05, 2019 at 02:08 PM GMT+05:00

0:00

May 5, 2019: A meeting of Fiscal Coordination Committee (FCC) chaired by Adviser on Finance Abdul Hafeez Shaikh was held in Islamabad on Saturday.

It considered the recommendations of the FCC's Sub Committee on Public Finance Management Reforms on Incentive grant system to Provinces under Performance for Results Program.

The committee approved the incentive grant for provinces as proposed by the Sub-Committee with the direction that further refinement may be made in the procedures and process in consultation with the provinces. 

Federal government will provide grants to provinces through the incentive grant system subject to the fulfillment of certain baselines in the public finance management and social sector developments especially in health and education sectors.

The meeting also reviewed the biannual implementation of the NFC award for the period January-June 2018 and approved the report for presentation to the Parliament and Provincial Assemblies.

 The Chief Minister Sindh, the finance ministers of Punjab, Khyber Pakhtunkhwa and Balochistan and other senior officials attended the meeting.

Related News

Name Price/Vol %Chg/NChg
KSE100 133,782.35
325.79M
0.91%
1205.36
ALLSHR 83,615.82
940.14M
0.76%
632.14
KSE30 40,681.77
65.23M
0.80%
322.98
KMI30 191,640.88
61.56M
0.48%
913.56
KMIALLSHR 55,891.51
405.64M
0.35%
193.03
BKTi 36,988.68
20.05M
2.06%
746.62
OGTi 28,181.50
5.52M
-0.50%
-141.92
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,375.00 112,170.00
111,190.00
-870.00
-0.78%
BRENT CRUDE 69.07 70.48
69.05
-1.12
-1.60%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.00
1.04%
ROTTERDAM COAL MONTHLY 109.00 110.00
109.00
1.25
1.16%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.07 68.65
67.05
-1.31
-1.92%
SUGAR #11 WORLD 16.40 16.56
16.27
-0.16
-0.97%

Chart of the Day


Latest News
July 10, 2025 at 05:14 PM GMT+05:00

Car sales rise 64% in June 2025


July 10, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan rises Rs3,200 per tola


July 10, 2025 at 04:33 PM GMT+05:00

PSX Closing Bell: El Toro


July 10, 2025 at 04:33 PM GMT+05:00

PKR weakens by 10 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg