Development spending grows by 27% in four months: clarifies Finance Ministry.

 
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ISLAMABAD -- Ministry of Finance has said that the development spending during the first four months witnessed a growth of 27% compared to the same period of last financial year while the development spending of the four provinces (combined) during the first four months also stood at Rs. 112 billion as compared to Rs. 88 billion spent during the same period of last financial year. 'It is incorrect to say that the provincial government has provided the surpluses at the cost of development activities, ' said the Finance Division in an official statement in response to certain media reports...

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