Finance minister discusses financial issues with AJ&K PM

Finance minister discusses financial issues with AJ&K PM

ISLAMABAD: The Finance Minister Senator Ishaq Dar Tuesday held a meeting with members of Azad Jammu and Kashmir Council to deliberate upon its financial issues at the Finance Ministry this morning. The AJ&K delegation was led by Prime Minister AJ&K Chaudhry Abdul Majeed.
The meeting was also attended by Minister-in-Charge, AJ&K Council Secretariat,  Muhammad Birjees Tahir, Abdul Waheed Member of Education AJK and senior officials of AJK Government, AJK Council and Ministry of Finance.
The finance minister said the federal government is committed to provide assistance to the AJK government but expects it to follow the policy of austerity as espoused by the present government.
The minister said though the revenue collection had shown a significant increase of 17 percent over the corresponding period last year yet the present fiscal position was burdened by huge liabilities of the past.
The minister while assuring continued federal government support urged the AJK Council to rationalise past commitments for development projects, enhance revenue collections and limit its expenditures within the envelop of 20 percent of collected revenues. For revenue enhancement, the finance minister offered his assistance in identifying the areas and strengthening of the collection machinery.
Birjees Tahir and PM AJK assured the minister that Council would expend extra efforts in revenue generation and reducing expenditures. They also thanked the Prime Minister for approving an extra grant of Rs 1.4 billion, on the recommendation of the finance minister, for meeting the deficit of the AJK Council’s budget.

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