{"id":101044,"date":"2025-01-12T10:00:00","date_gmt":"2025-01-12T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101044"},"modified":"2025-01-10T12:52:14","modified_gmt":"2025-01-10T07:52:14","slug":"kp-becomes-1st-province-to-reduce-debt","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/kp-becomes-1st-province-to-reduce-debt.html","title":{"rendered":"KP becomes 1st province to reduce debt, deposits PKR 30 bn"},"content":{"rendered":"\n<p>Peshawar: Khyber Pakhtunkhwa (KP) has become the first province in Pakistan to actively reduce its debt, according to Muzammil Aslam, Advisor to the KP Chief Minister on Finance and Interprovincial Coordination.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The provincial government has deposited PKR 30 billion into the Debt Management Fund, with plans to contribute an additional PKR 30\u201340 billion, depending on the financial situation.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kp-govt-better-toursim-sphere.html\" target=\"_blank\" rel=\"noreferrer noopener\">KP Govt targets tourism boom with new initiative<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>In a video statement released on Tuesday, Aslam explained that the Debt Management Fund can accommodate up to 10% of KP\u2019s total debt of PKR 725 billion. The province has already initiated transfers and remains committed to reducing its financial liabilities.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Aslam also highlighted recent achievements, including the allocation of PKR 20 billion each to pension and gratuity funds over the past six months and generating PKR 3\u20134 billion in profits through effective fund management. Additionally, KP has secured advance funds for three months&#8217; worth of salaries, marking a significant improvement over previous challenges in salary disbursements.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kp-govt-investment-roadshow-islamabad.html\" target=\"_blank\" rel=\"noreferrer noopener\">KP Govt hosts successful investment roadshow in Islamabad<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The Advisor emphasized KP&#8217;s commitment to eliminating debt and stabilizing the economy under the leadership of Chief Minister Ali Amin Khan Gandapur and in alignment with the vision of PTI founder Imran Khan.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>He also criticized the federal government for its unsustainable financial policies, pointing out that Pakistan\u2019s national debt has reached PKR 70,400 billion, with PKR 1,248 billion added in November 2024 alone. Aslam noted that this amount exceeds KP\u2019s total debt of PKR 725 billion accumulated over 77 years. He further stated that the country\u2019s debt has increased by PKR 27,000 billion since April 2022.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kp-govt-quick-land-digitalisation.html\" target=\"_blank\" rel=\"noreferrer noopener\">KP achieves 83% land record computerisation; 7 districts reach 100%<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Aslam urged the federal government to adopt more responsible fiscal practices, citing KP&#8217;s success in debt reduction as a model for other regions and the federal government to follow.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peshawar: Khyber Pakhtunkhwa (KP) has become the first province in Pakistan to actively reduce its debt, according to Muzammil Aslam, Advisor to the KP Chief Minister on Finance and Interprovincial Coordination. The provincial government has deposited PKR 30 billion into the Debt Management Fund, with plans to contribute an additional PKR 30\u201340 billion, depending on the financial situation. Read: KP Govt targets tourism boom with new initiative In a video statement released on Tuesday, Aslam explained that the Debt Management Fund can accommodate up to 10% of KP\u2019s total debt of PKR 725 billion. The province has already initiated transfers and remains committed to reducing its financial liabilities. Aslam also highlighted recent achievements, including the allocation of PKR 20 billion each to pension and gratuity funds over the past six months and generating PKR 3\u20134 billion in profits through effective fund management. Additionally, KP has secured advance funds for three months&#8217; worth of salaries, marking a significant improvement over previous challenges in salary disbursements. Read: KP Govt hosts successful investment roadshow in Islamabad The Advisor emphasized KP&#8217;s commitment to eliminating debt and stabilizing the economy under the leadership of Chief Minister Ali Amin Khan Gandapur and in alignment with the&hellip;<\/p>\n","protected":false},"author":18,"featured_media":94259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[60254,59422,61691,61697,39451,61687,61695,61686,61685,1074,1375,61690,2515,61693,34475,61696,61692,61689,61688,61694],"persona":[],"class_list":{"0":"post-101044","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-chief-minister-ali-amin-khan-gandapur","9":"tag-debt-management-fund","10":"tag-debt-reduction","11":"tag-debt-reduction-strategies","12":"tag-federal-government","13":"tag-financial-management","14":"tag-financial-stability","15":"tag-fiscal-policies","16":"tag-fiscal-responsibility","17":"tag-imran-khan","18":"tag-khyber-pakhtunkhwa","19":"tag-kp-advisor-on-finance","20":"tag-kp-government","21":"tag-national-debt","22":"tag-pakistan-economy","23":"tag-pension-funds","24":"tag-provincial-achievement","25":"tag-public-debt-management","26":"tag-rs30-billion","27":"tag-sustainable-finance","28":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KP becomes 1st province to reduce debt - Zameen News<\/title>\n<meta name=\"description\" content=\"The provincial government has deposited PKR 30 billion into the Debt Management Fund, with plans to contribute an additional PKR 30\u201340 bn...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/kp-becomes-1st-province-to-reduce-debt.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KP becomes 1st province to reduce debt - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The provincial government has deposited PKR 30 billion into the Debt Management Fund, with plans to contribute an additional PKR 30\u201340 bn...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/kp-becomes-1st-province-to-reduce-debt.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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