Finance ministry to release funds well in time: Hafeez

IHC bins plea against Hafeez Shaikh

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ISLAMABAD

Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh chaired a meeting to review social and economic needs of the erstwhile Federally Administrated Tribal Areas (FATA), here Monday. It was revealed that the ‘FATA Development Funds’ would be utilized for the development of social sector particularly, health and education. Improving road and electricity infrastructure in the area was also a part of the discussed objective.

The Adviser informed that the federal government was willing to extend all possible assistance to erstwhile FATA and the province of Kyber Pakhtunkhwa to develop the merged districts. He assured the meeting that Ministry of Finance would timely process and release funds for the merged districts which can then be used for development projects in the area.

Meanwhile, the Islamabad High Court (IHC) on Monday binned the plea seeking court’s directions to bar prime minister’s adviser on finance Abdul Hafeez Shaikh from presenting federal budget in the National Assembly. A single bench comprising Chief Justice of IHC Justice Athar MinAllah conducted hearing on the plea. According to the constitution, an adviser cannot present budget, the applicant’s counsel Shahid Orakzai said in his arguments. —VoM

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