Govt mulling over delegating more financial powers to line ministries

News Image

By MG News | March 07, 2019 at 04:32 PM GMT+05:00

0:00

March 7, 2019: Advisor to Prime Minister on Institutional Reforms and Austerity, Dr Ishrat Hussain Thursday said that the government was considering a proposal to delegate more financial powers to the line ministries whereby their projects' sanctioning limit would be enhanced.

He was talking to minister for Planning, Development and Reform Makhdum Khusro Bakhtyar here at the planning ministry.

He said that Central Development Working Party (CDWP) and Executive Committee of National Economic Council (ECNEC) would only take up mega projects to save time and reduce burden.

He said monitoring and evaluation of projects will rest with the Planning Commission with its representation at Departmental Development Working Party (DDWP).

Welcoming the proposal, Makhdum Khusro said that there was a need to further streamline the process of approving projects.

He said reform measures were also being taken to make Planning Commission more efficient in planning and developing economic programme for effectively achieving development objectives.

The minister said that reform was mandate of the present government and it was committed to restructure the public sector to make it more productive and efficient.

Secretary Planning Zafar Hasan was also present in the meeting.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court


July 04, 2025 at 06:41 PM GMT+05:00

Govt domestic debt, liabilities nears Rs54tr in May



Top 5 things to watch in this week

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