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Hina underlines fiscal discipline

ISLAMABAD: Minister of State for Finance and Economic Affairs, Hina Rabbani Khar Tuesday called for maintaining fiscal discipline in the utilisation of resources at all levels for the welfare of the people and socioeconomic development of the country. She stated this while presiding over the session of the 26th annual general meeting and conference of Pakistan Society of Development Economists (PSDE) here.
The three-day conference has been organised by the Pakistan Institute of Development Economics in collaboration with Forum of Federation Center for Civic Education, Higher Education Commission, CIDA, USAID and FES.
Deputy Chairman of the Planning Commission Dr Nadeem-ul Haq inaugurated the conference while Vice Chancellor of the PIDE Dr Rashid Amjad and Anwar Shah also spoke on the occasion.
The purpose of the annual meeting and conference was to provide a forum where leading professional economists, other social scientists and policy makers could exchange ideas of the vital economic and social issues facing Pakistan.
With the passage of the 18th constitutional amendment, Pakistan has taken a major step towards fiscal decentralisation that involves a fundamental shift in the division of powers between provinces and the center. During the conference the 7th NFC award  and the economic implications of the 18th Amendment, reformed GST , challenges and opportunities would also be discussed by the eminent economists and policy makers and suggest measures for a sustainable economic growth for the benefit of the country. Hina Rabbani Khar in her remarks on the topic “Empowering states and provinces or unshackling local governments :does it matter for peace, order, good governance and growth” presented by Anwar Shah Director center for public economics Chengdu, China and World Bank Institute, said that after 18th Amendment and 7th NFC award the federal government has empowered fiscally to the provinces.-Online


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