Senate Panel Halts Discos Privatisation, Cites Fiscal Concerns

The Senate Sub-Committee on Devolution called for placing Discos privatization before the Council of Common Interests (CCI) and expressed serious reservations over the Privatisation Commission's actions. The committee noted federal expenditure of Rs19 trillion against Rs20 trillion revenue, urging a drastic reduction to Rs13 trillion due to the country's economic crisis. It stressed that "unconstitutional expenditure" on devolved matters cannot be allowed. This ongoing debate on fiscal discipline and structural reforms could influence investor sentiment towards Pakistan's economy, potentially impacting the PKR's stability and, consequently, local gold prices.

بحوالہ / Source: www.dawn.com