New Delhi, May 5 (IANS) Pakistan is perhaps the only country in the world where individual debt has become the nation’s burden as those who borrow do not pay back and loan write-offs are common together with defaults, according to a new report.Then there are kickback projects which are built on borrowed money with no framework for payback. IMF has recently observed that there is no check on government spending, says the report in Business Recorder. “There is no parliamentary oversight or deb…
Latest National Finance Commission News & Updates
New Delhi, Feb 8 (IANS) In what is a stark indicator of the poor governance in Pakistan, the country’s National Finance Commission (NFC) have failed to hold any meeting on revising the formula to modernise resource distribution between the federation and the provinces, according to a report in the Pakistani media.Of the commission’s eight technical working groups tasked with driving this process, only two have met once each, while the remaining six have yet to convene since their notificatio…
Islamabad/New Delhi, Jan 14 (IANS) The United Nations Population Fund’s (UNFPA) recent statement to Pakistan to rethink its population dynamics is timely as well as constructive, but a sustained policy action towards it is going to be the real challenge, according to a media report.An editorial published in Pakistan’s financial daily, Business Recorder, stated that the UNFPA urges the country to make a purposeful and evidence-based plan and not count the rising population as an “inevitable…
Islamabad, Jan 5 (IANS) Pakistan’s maternal mortality remains alarmingly high, with millions of women deprived of access to family planning services, persistent early marriages and widespread gender-based violence — all factors influencing fertility patterns, female labour participation and development of human capital, a report said on Monday. “In climate-exposed districts, weak health systems and limited access to services deepen vulnerability, reinforcing inequalities. The evidence leaves l…