The Federal Minister for Finance, Revenue and Economic Affairs Asad Umar has written letters to all Provincial Chief Ministers for the reconstitution of the 9th National Finance Commission (NFC). The NFC is required to be set up at intervals not exceeding five years as required under clause (1) of the Article 160 of the constitution. The Federal Finance Minister and the Finance Ministers of the Provinces are the statutory members of NFC. It is customary to include one non-statutory member from each province.
Letters have accordingly been dispatched to Sardar Usman Ahmad Buzdar Chief Minister Punjab, Syed Murad Ali Shah Chief Minister Sindh, Mahmood Khan Chief Minister Khyber Pakhtunkhua and to Jam Kamal Khan Chief Minister Balochistan. The letters state that after general elections 2018, new governments are in place both at the Federal and Provincial levels, necessitating re-confirmation of non-statutory members from the provinces.
The Finance Minister has asked the Provincial Chief Ministers to either reconfirm the earlier nominated members or intimate the change in the nomination to enable the Federal Government to notify the 9th NFC and start deliberations of the Commission.
A three member delegation of the China Three Gorges South Asia investment Limited led by their President and CEO, Mr. Qin Goubin called on the Federal Minister for Finance, Revenue and Economic Affairs Asad Umar this afternoon.
Mr. Goubin congratulated the Finance Minister on assuming office and expressed hopes that the cooperation between Pakistan and the Chinese Energy producer will further strengthen during the term of the new government.
Mr. Goubin briefed the Minister that their Company has been working on Wind and Solar energy generation for many years. In Pakistan it is working on Karot hydropower station in the Kashmir region in cooperation with IFC.
The Minister appreciated the work being done by the company in renewable energy and said that keeping in view the impact on environment and its low cost, the new government wishes to promote clean and renewable sources of energy.
The Minister said that the government wants all projects under the energy corridor to complete on time and all possible support in this regard will be provided to the investors. He assured the delegation that any obstacles in the implementation of these projects will be resolved on priority basis.