FATA to receive funds for education and infrastructure projects

Peshawar: Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Sheikh, chaired a high-level meeting on Wednesday. The meeting reviewed the economic and social needs of the merged districts of erstwhile Federally Administrated Tribal Areas (FATA).

invest with imarat

Islamabad’s emerging city centre

Learn More

During the briefing, Finance Minister Taimur Saleem Khan Jhagra said the Fata Development Funds would be consumed for development of health, education, road rehabilitation and electricity infrastructure. While assuring a timely release of funds for the merged districts, he informed of the pay-out of enough funds for rehabilitation of temporarily displaced persons (TDPs) of the former tribal agencies by the federal government.

The meeting agreed on fund allocation for merged districts in upcoming federal and provincial budgets for the financial year, 2019-20. This is in regards to fulfil social and economic needs of former FATA until the finalization of National Finance Commission (NFC) Award.

The meeting was attended by Federal Secretary Finance Naveed Kamran Baloch, Adviser to Prime Minister for Establishment Mohammad Shehzad Arbab and other relevant senior officials.

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

SBP Signals Cautious Policy Rate Approach, Prioritises Economic Stability

Karachi: The State Bank of Pakistan (SBP) has indicated that it will maintain a cautious…

2 days ago

PEC, CDA Partner to Raise Engineering Standards Through Certification and Training

The Pakistan Engineering Council and the Capital Development Authority have agreed to collaborate on raising…

5 days ago

Saudi Arabia Announces $2bn Investment Package for Syria Across Airports, Telecoms and Real Estate

Feb 7 (Reuters): Saudi Arabia on Saturday unveiled a wide-ranging investment package for Syria covering…

1 week ago

FBR Revises Islamabad Property Valuation Rates, Raises Values by 15% to 75%

Islamabad: The Federal Board of Revenue (FBR) has issued revised valuation rates for immovable properties…

2 weeks ago

Saudi Arabia Executes World’s First Sovereign Tokenised Property Title Deed Transfer

Riyadh: Saudi Arabia has completed what it described as a global first in capital market…

2 weeks ago

RDA Issues Strict Construction Safety Guidelines for All Sites in Rawalpindi

Rawalpindi: The Rawalpindi Development Authority (RDA) has introduced strict safety measures for all construction sites…

2 weeks ago