Islamabad, The Special Investment Facilitation Council (SIFC) is actively engaging in enhancing the coordination of financial expenditures between Pakistan’s federal government and its provinces. This initiative aligns with the constitutional mandates outlining the fiscal responsibilities of each governmental layer and aims to optimize the allocation and utilization of financial resources across the nation.
According to Ministry of Information and Broadcasting, the federal government has allocated approximately one trillion rupees to various subsidies and projects within provincial jurisdictions. These initiatives encompass a wide array of sectors, including the Benazir Income Support Program (BISP), numerous provincial development endeavors under the Public Sector Development Program (PSDP), higher education investments, electricity provision for agricultural tube wells, and fertilizer subsidies.
The role of the SIFC is pivotal in addressing the financial challenges faced by the federal government, facilitating a more effective distribution and employment of funds to the provinces. Moreover, the council’s efforts are instrumental in fostering economic stabilization and propelling growth, leveraging a collaborative framework to ensure fiscal prudence and strategic expenditure.
Through its operations, the SIFC exemplifies a concerted approach to financial governance, streamlining interactions between different government tiers to enhance economic outcomes and development across Pakistan.