Dar emphasises transparency in disbursement of development funds

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Finance Minister, Senator Mohammad Ishaq Dar, lauding the performance of Economic Affairs Division (EAD) has emphasised on the need to make the disbursement of development funds transparent and timely to draw maximum benefits of them.

The Finance Minister stated this while chairing a meeting to review matters related to EAD here on Saturday.

During the meeting, Secretary EAD briefed the Minister on the portfolios of grants and loans. He apprised the Finance Minister of the Country Partnership Strategies of International Development Partners. The Finance Minister was also briefed on the implementation status of the ongoing projects under EAD’s purview.

Dar said that progress of disbursement of foreign grants and loans for infrastructure and energy projects should be diligently monitored. He also emphasized that disbursement of funds should be timely and transparent so that the people of Pakistan can benefit from successful and timely completion of said projects at the earliest. He urged EAD to undertake all effort for efficient utilization of the funds.

 

The meeting was attended by senior officials of the Ministry of Finance and Economic Affairs Division.