SIFC playing role in coordinating financial expenditure b/w federal Govt, provinces

Special Investment Facilitation Council (SIFC) is playing its role in coordinating financial expenditure between the federal government and the provinces in accordance with the constitutional division of their responsibilities.

The federal government’s funding in subsidies and projects, which fall under the jurisdiction of the provinces, is estimated at about one trillion rupees. These projects include Benazir Income Support Program (BISP), provincial developmental projects under the Public Sector Development Program (PSDP), higher education, electricity for tube wells and subsidies on fertilizers.

The efforts of the Special Investment Facilitation Council (SIFC) will help remove the financial constraints of the federal government and ensure better utilization of funds available to the provinces.

Through the platform of the SIFC, the government has made a concerted effort to stabilize the economy and move towards growth.

Source: Radio Pakistan