CPEC: National Security Fund planned by Federal Government

CPEC: National Security Fund planned by Federal Government

Federal Government is planning to set up a National Security Fund by allocating 3% of the divisible pool of taxes for meeting security-related expenses on the China-Pakistan Economic Corridor (CPEC) and fulfilling the military’s additional needs after the launch of Operation Zarb-e-Azab.

It has also demanded another 4% of the divisible pool for the development of Fata, Gilgit-Baltistan and Azad Kashmir. The Centre has sought approval of the provinces in this regard.

However, early this week Sindh Chief Minister Murad Ali Shah said that the proposal of allocating 3% of the federal divisible pool for security arrangements for CPEC-related projects was unconstitutional.

He was of the view that this would set a wrong precedent; therefore, all the provinces should oppose the proposal collectively.

The Chief Minister Secretariat also said that Punjab Finance Minister Dr Ayesha Ghaus Pasha has also supported Shah’s position on 3% funds.

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