Stories

SIFC takes steps to save Rs149b

The Special Investment Facilitation Council has approved a proposal to drop 76 provincial projects worth Rs121 billion and to freeze further spending on the parliamentarians’ schemes and prime minister’s initiatives, bringing in line the federal spending with constitutional obligations.

The SIFC’s decision will save Rs149 billion of the federal government during the current fiscal year –in a move that is important to correct the past wrong priorities of the federal government. However, despite the decision, the federal government would still be spending on 247 provincial nature projects and it would need another nearly Rs800 billion in the coming years to complete the work on these schemes.