Tag: allocation

HEC budget allocation not enough: Experts

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STAFF REPORT ISB: Though the government has increased financial allocation for higher education sector up to 2 per cent in the fresh budget, yet education experts believe that it is not sufficient in view of the growing needs of higher education sector in Pakistan. The federal government has increased allocation for development programmes of Higher Education Commission (HEC) from Rs18.5 billion to Rs20.6 billion for the next financial year. The HEC management terms the budget a healthy…Read More

CCP terms ICH, price fixation quota allocation illegal

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article image STAFF REPORT IBD: The Competition Commission of Pakistan (CCP) has asked the IT Ministry and PTA to withdrawal the directive issued by the ministry proposing establishment of international clearing house exchange for international incoming calls for long distance international, fixed-line local loops, wireless local loops and mobile operators (proposed ICH arrangement).In its policy note, the CCP has also advised the ministry and PTA that any such proposed arrangement if entered into, is not…Read More

Water resources allocation may down next fiscal year

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article image STAFF REPORT IBD: Funds for developing the all-important water resources have shrunk to about 13 per cent of total development budget for 2012-13 and this comes at a time when the country is going to enter the ranks of water-scarce countries with a significant gap between demand and supply.According to statistics, over the past five years, allocation for water resources has remained between 16 per cent and 20 per cent of the development budget, but for upcoming fiscal year 2012-13 the allocation…Read More