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.
Brussels, Foreign Minister Mohammad Ishaq Dar represents Pakistan at the inaugural Nuclear Energy Summit in Brussels, emphasizing the nation’s commitment to peaceful nuclear energy use and enhancing international cooperation. The summit, scheduled for March 21, 2024, gathers global leaders to discuss nuclear energy’s role and prospects.
According to Ministry of Foreign Affairs, Minister Dar’s agenda extends beyond summit participation, including bilateral meetings with counterparts from various nations. These discussions aim to bolster Pakistan’s diplomatic ties and explore collaborative opportunities within the nuclear energy sector.
The summit provides a platform for Pakistan to articulate its stance on nuclear energy, emphasizing peaceful applications and adherence to international standards. It also serves as an opportunity for the country to strengthen its relationship with the International Atomic Energy Agency (IAEA), aligning with global best practices and fostering shared understanding among the international community.
Minister Dar’s engagement at the summit underscores Pakistan’s proactive approach to nuclear energy, highlighting its potential contributions to sustainable development and energy security. The participation reaffirms Pakistan’s dedication to responsible nuclear energy utilization and international collaboration.