NFC shortfall puts K-P's IMF pledge on a fiscal cliff

NFC shortfall puts K-P's IMF pledge on a fiscal cliff

The Khyber-Pakhtunkhwa (K-P) government has warned that the continued shortfall in federal releases under the National Finance Commission (NFC) and against other commitments has posed a serious risk to meeting Rs157 billion cash surplus target agreed with the International Monetary Fund (IMF). Muzzammil Aslam, Finance Adviser to K-P chief minister, has cautioned Finance Minister Muhammad Aurangzeb after the province received Rs76 billion less th…

KP sounds alarm as federal transfers fall short in July-December

• Warns funding gap could derail IMF-linked Rs157bn budget surplus for FY26, provision of essential services in merged districts• Transfers under divisible pool stand short by Rs76bn in first half of 2025-26 ISLAMABAD: At a time when the federal government is grappling with its own fiscal shortfall, the Khyber Pakhtunkhwa government has raised concerns that revenue transfer shortfalls from the centre during the first half of 2025-26 have jeopard…

NFC funding gap pushes KP’s IMF commitment to brink

ISLAMABAD: The Khyber-Pakhtunkhwa (KP) government has warned that delays and shortfalls in federal fund transfers are putting its financial commitments to the International Monetary Fund (IMF) at serious risk. The province says it may not be able to achieve the Rs157 billion cash surplus target agreed with the IMF if the situation continues. KP’s Finance Adviser, Muzzammil Aslam, has formally raised concerns with Federal Finance Minister Muhamma…