President, PM ease budget rift as K-P flags share cap
Pakistan's President Asif Zardari and Prime Minister Shehbaz Sharif are working to resolve a budget dispute involving provincial revenue shares. The government is seeking to retain Rs1.2 trillion from provincial funds to meet fiscal targets, a move challenged by Khyber-Pakhtunkhwa officials.
Why it matters
The budget impasse threatens national economic stability and highlights tensions between the federal government and provinces regarding fiscal autonomy.
--> Home Pakistan President, PM ease budget rift as K-P flags share cap K-P adviser says NEC cannot alter provincial revenue shares as Centre seeks Rs1.2tr for next fiscal
The report balances the government's fiscal needs with the provincial objections without favoring either party.
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