Govt mulling over delegating more financial powers to line ministries

News Image

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 171,115.82
431.76M
-1.03%
-1778.46
ALLSHR 102,630.82
1,022.40M
-0.72%
-743.98
KSE30 51,478.54
123.81M
-1.23%
-641.56
KMI30 245,731.79
184.52M
-1.22%
-3035.83
KMIALLSHR 66,650.32
595.11M
-0.81%
-541.20
BKTi 47,279.59
41.00M
-1.38%
-660.98
OGTi 35,704.94
10.73M
-1.65%
-598.06
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 80,390.00 80,730.00
79,370.00
45.00
0.06%
BRENT CRUDE 100.25 102.92
99.55
0.19
0.19%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-3.30
-2.91%
ROTTERDAM COAL MONTHLY 107.10 107.75
106.20
2.10
2.00%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 94.68 98.64
93.82
-0.13
-0.14%
SUGAR #11 WORLD 14.69 14.75
14.46
0.15
1.03%

Chart of the Day


Latest News
May 10, 2026 at 09:53 AM GMT+05:00

RDA hits record $320m in April


May 10, 2026 at 09:33 AM GMT+05:00

Pakistan rushes for spot LNG amid Hormuz disruption


May 10, 2026 at 09:17 AM GMT+05:00

IMF warns Pakistan over energy risks


May 10, 2026 at 09:04 AM GMT+05:00

IMF backs SBP’s tight monetary policy


May 10, 2026 at 12:34 AM GMT+05:00

Weekly Market Roundup



Top 5 things to watch in this week

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