Pakistan

Finance ministry decline reports regarding delay, reduction of funds to provinces

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ISLAMABAD: Ministry of Finance on Tuesday said federal government has neither reduced nor delayed transfer of funds to any of the provinces.The ministry said in a statement all the provinces have been receiving their share in Federal Transfers in accordance with the NFC Award."Federal Government makes these transfers, fortnightly, on the same day of reporting of the gatherions by the gathering agencies," Radio Pakistan reported.It said shortfall in revenue gatherions results in a uniform change in the share of the Federation and the provinces in the Federal Transfers.TheIndianSubcontinent has not verified the content of the source.
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