Outcome - 2

Reduce Provincial Debt and Contingent Liabilities.

Tranche 2 Reform Actions


i. Finance Department to reduce debt servicing (interest only) as percentage of total expenditure from 6.4% in FY2005 to 5.0% in FY2006. [Complied with]
ii. Finance Department to finalize the legal framework, rules, and regulations for the General Provident Fund.

[Complied with]

iii. Finance Department to continue capitalization of the pension fund and General Provident Fund ensuring a total amount of PK.Rs12 billion during subprogram 2.

[Complied with]