Kayani Urges Federal-Provincial Alignment, Devolution for Economic Stability

Minister of State for Finance Bilal Azhar Kayani stressed the need for aligning resources and powers to local levels, ensuring development spending translates into visible improvements. He highlighted that while recent economic gains were important, they were "not enough" to prevent recurring foreign exchange reserve depletion. Stronger coordination, fair National Finance Commission (NFC) distribution, and empowering local governments are crucial for sustainable economic stability. This focus on fiscal federalism and long-term economic reforms could indirectly support the Pakistani Rupee by fostering investor confidence, but its immediate impact on gold or currency rates is limited.

بحوالہ / Source: www.brecorder.com