PESHAWAR: Foreign aid agencies provide $20.5 million loan cash the associated province of Khyber Pakhtunkhwa (KP).
The regional financial department reported that KP government achieved already set goals on current development projects as a result the province was given to others installment of US$20.5M debt in mid December.
After this statement, he took two in to transfer funds, and now two and a half half million dollars, i.e. 5.66 billion rupees, went to the provincial government.
Transfer of credit is considered positive step for province that suffers from financial a crisis. The Fund will also used for release of development funds and grants, including salaries of staff. According to sources of Department of Finance, in connection with the ongoing cold war between the Communist Party and the federal government, development programs of the province was severely affected as the center stopped funding the province after the removal of Pakistan Tehreek-e-Insaf government through no-confidence movement.
The province was also was unable to pay the wages of his employees and relied on loans from the State Bank and other commercial banks.
