GILGIT: Gilgit-Baltistan Governor Syed Mehdi Shah on Wednesday informed Federal Minister for Planning Ahsan Iqbal during a meeting about serious financial crisis the Gilgit-Baltistan government was facing and sought the release of funds by the federal government.

According to a press release, the governor requested the federal minister to release funds for PSDP projects and annual grant of the GB government.

Informed sources told Dawn that the federal government had not released the annual financial development grant of the GB as the region depends on the financial grant of the federal government.

Mr Iqbal ordered release of funds for GB development projects and promised to take immediate steps for the release of the grant by the federal government to the GB government.

The governor also requested the federal minister to order release of Rs500 million for endowment funds of Baltistan University.

Mr Iqbal assured the GB governor that he would also try to get the amount released for the funds.

The GB government meets its development and non-development expenditures through grants and funds provided by the federal government.

Wheat shortage

Meanwhile, the regions is facing serious shortage of wheat. The federal government provides Rs8 billion annually to GB to provide subsidised wheat to the area people.

However, due to increase in the wheat price across the country and GB, the GB government had to purchase less wheat which had resulted in the wheat shortage in the area as additional funds from the federal government are required to purchase the required quantity of wheat for the area people.

The GB government through letters has informed the federal government about the shortage and requested it to provide additional funds to meet the wheat requirements of the area people.

Published in Dawn, January 26th, 2023

Opinion

Editorial

Blatant Islamophobia
Updated 30 Jan, 2023

Blatant Islamophobia

Muslim extremists and terrorist outfits are emboldened by hateful acts.
Modern slavery
30 Jan, 2023

Modern slavery

MODERN slavery is a wide-ranging term that can encompass a multitude of scenarios. Common to all of them, however, ...
Remarkable Sania
30 Jan, 2023

Remarkable Sania

BRINGING to a close a career in which she smashed stereotypes, Sania Mirza delivered almost the perfect ending in ...
Losing grip
Updated 29 Jan, 2023

Losing grip

The state and the government are responsible for providing Imran with the security he deserves as a former prime minister.
Telling silence
Updated 29 Jan, 2023

Telling silence

THE silence of the Sindh government over the recent exposé in this paper about Karachi’s water tanker mafia ...
Palestine escalation
29 Jan, 2023

Palestine escalation

THE fire of conflict once again threatens to envelop the land of Palestine, as the growing cycle of violence refuses...