KP Government Sets Conditions for Federal Support

The Khyber Pakhtunkhwa (KP) government has outlined two crucial requirements for the federal government to gain its support in achieving the International Monetary Fund (IMF) targets. These conditions involve settling overdue electricity payments and enhancing funding for the merged districts. The Provincial Finance Minister emphasized that the federal government owes KP a significant sum for electricity bills and must allocate more resources for the development of the merged districts. Despite a recent salary increase, the current budget allocation for these areas is considered inadequate. KP is currently grappling with severe electricity shortages and is prepared to collaborate in meeting the IMF's goals, provided that the federal government fulfills its financial obligations first.

The Finance Minister underscored the critical nature of addressing these payments promptly and ensuring sufficient funding for the merged districts. The request for increased financial assistance arises at a time when KP is facing financial hardships amid an energy crisis and economic challenges. Despite repeated requests for a fair share from the federal budget, disagreements regarding funding and resource distribution have impeded progress. The IMF's stipulations for extending financial aid to Pakistan require fiscal discipline and structural reforms, with KP's adherence contingent on receiving adequate backing from the federal government, which has been lacking thus far.

The KP government's conditions for federal support in meeting IMF targets highlight the pressing need for resolving outstanding electricity payments and boosting funding for the merged districts. Cooperation between the provincial and federal authorities is crucial in overcoming financial hurdles and achieving sustainable development. Addressing these issues promptly is essential for ensuring economic stability and progress in the region.