Finance Minister Asad Umar initiates work on new NFC Award

Finance Minister Asad Umar initiates work on new NFC Award

ISLAMABAD - Finance Minister Asad Umar said in Senate that Pakistan has yet not decided to take a bailout package from International Monetary Fund [IMF]. He said consultations on economic situation are continuing and the final decision will be taken after taking on board the Parliament.

About National Finance Commission Award, Asad Umar said it is a constitutional obligation and on the first day in his office, he directed the finance secretary to initiate the process for the new NFC Award.

He said it will be his utmost endeavor to announce new NFC Award at the earliest.

Meanwhile, Minister for Human Rights Shireen Mazari categorically stated that the new government will strongly and firmly take up the water issue with India.

She told the Senate during question hour today that India has not withdrawn from Indus Water Treaty and it is liable to the provisions of the treaty.

Shireen Mazari regretted that previous governments resorted to the policy of appeasement and did not take up the issue of water effectively with India. She pointed out that India has constructed dams in violation of Indus Water Treaty. She said that Pakistan did take up the matter with the World Bank but it refrained from playing the role of arbitrator. She said we will reassert the Indian side to adhere to the treaty.

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