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Funds transfer to provinces has surged by 100pc: Miftah

Adviser to Prime Minister on Finance Miftah Ismail has said that transfer of funds to provinces has increased by 100 per cent.

Talking to the media here on Monday, the adviser said that tax target of Rs 4,000 billion would be achieved.

He claimed that inflation, which was up to 11 percent during the tenure of the Pakistan People’s Party government, had come down during the Pakistan Muslim League-Nawaz (PML-N) government.

He went on to say that allocation for Benazir Income Support Program would be more than Rs 120 billion.

“Power plants installed in our government will be operational from June,” he said, adding that the government had added 12,000MW to the national grid.

He further maintained that power generation and distribution companies were making losses and had become a burden national budget.

Miftah said that the incumbent government would present the budget for the next fiscal as people had given them mandate for five years.

“People have given us mandate for five years and we will present the upcoming budget,” he said.

He said that the defence budget would also be increased. “We will try our level best not to impose new taxes and give maximum relief the poor,” he concluded.

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