ISLAMABAD: Adviser to the Prime Minister on Finance, Income & Financial Affairs, Dr Abdul Hafeez Shaikh, together with the Sindh chief minister Sindh and finance ministers of Punjab, Khyber Pakhtunkhwa and Balochistan, held a joint assembly with the IMF Mission led by Ernesto Ramirez Rigo right here on Saturday.
The contributors exchanged views on the prevailing fiscal state of affairs of the nation within the context of the Worldwide Financial Fund’s programme, which is at the moment beneath discussions, stated a Finance Ministry press launch stated.
The IMF Mission was apprised that the federal and provincial governments had been consistently engaged on fiscal issues and the Nationwide Finance Fee (NFC) and the Fiscal Coordination Committee (FCC) boards had been getting used for guaranteeing most cooperation and coordination among the many federal and provincial fiscal authorities.
The provincial finance ministers apprised the Mission of assorted initiatives taken of their respective provinces for useful resource mobilization on the sub-national degree to cater for the growing developmental and social spending wants. They expressed that the revenues from taxation had witnessed marked enchancment just lately.
In addition they emphasised that they had been managing their expenditures prudently for higher fiscal outcomes. They assured the Mission that the provincial governments would help and complement the efforts of the federal authorities to stick to the fiscal framework being mentioned with the Fund.
The IMF Mission was inspired by the shared considering on the federal and provincial ranges. The Mission chief appreciated the updates offered by the provincial governments. He highlighted the significance of a harmonized system of taxation that may contribute in the direction of growing financial actions and enterprise progress within the nation.
The assembly was additionally attended by the senior officers of Finance Division in addition to provincial finance departments.