Provinces refuse to give Rs750bn to federation.

ISLAMABAD -- The provinces refused to give Rs750 billion to the federation for the current fiscal year.

According to Finance Ministry sources, the provinces were unable to return the Rs750 billion surplus due to recent damage caused by flooding, while the estimated expenses increased, and it was a condition of the IMF that provinces return the Rs750 billion surplus to the federation.

Sources further said that due to the failure of...