{"id":99368,"date":"2024-09-19T14:47:34","date_gmt":"2024-09-19T09:47:34","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99368"},"modified":"2024-09-19T15:38:11","modified_gmt":"2024-09-19T10:38:11","slug":"debt-management-fund-established-in-kp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/debt-management-fund-established-in-kp.html","title":{"rendered":"KP sets up \u2018Debt Management Fund\u2019 to address obligations"},"content":{"rendered":"\n<p>Peshawar: The Khyber Pakhtunkhwa (KP) provincial cabinet has approved the establishment of a \u2018Debt Management Fund\u2019 to manage the province\u2019s debt obligations and ensure financial sustainability, according to a news source on September 19.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/kp-launches-digital-motor-vehicle-system.html\" target=\"_blank\" rel=\"noreferrer noopener\">KP introduces Digital Motor Vehicle System, aims for greater accessibility<\/a><\/p>\n\n\n\n<p>Pursuant to the details, the fund will invest unutilised government treasury balances into low-risk instruments, aiming to create a revenue source that offsets growing debt burdens while improving cash management. This initiative follows the Khyber Pakhtunkhwa Public Financial Management Act, of 2022, and includes the approval of accompanying rules to govern the fund\u2019s control and oversight.<\/p>\n\n\n\n<p>The cabinet also expressed concerns over rising debt servicing costs and currency depreciation, making this fund essential for the province\u2019s long-term financial stability.<\/p>\n\n\n\n<p>Additionally, the cabinet approved policy guidelines for KP\u2019s participation in the carbon market, including allocations from carbon credit sales and a 1% administrative charge for the Ministry of Climate Change, subject to other provinces&#8217; endorsements. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/adb-funds-usd-320m-project-to-improve-kp.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB funds USD 320m project to improve KP\u2019s rural road connectivity<\/a><\/p>\n\n\n\n<p>Lastly, it approved a recurring grant of PKR 1.5 billion for public universities in the province, addressing a freeze in Higher Education Commission (HEC) grants since 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Peshawar: The Khyber Pakhtunkhwa (KP) provincial cabinet has approved the establishment of a \u2018Debt Management Fund\u2019 to manage the province\u2019s debt obligations and ensure financial sustainability, according to a news source on September 19. Read: KP introduces Digital Motor Vehicle System, aims for greater accessibility Pursuant to the details, the fund will invest unutilised government treasury balances into low-risk instruments, aiming to create a revenue source that offsets growing debt burdens while improving cash management. This initiative follows the Khyber Pakhtunkhwa Public Financial Management Act, of 2022, and includes the approval of accompanying rules to govern the fund\u2019s control and oversight. The cabinet also expressed concerns over rising debt servicing costs and currency depreciation, making this fund essential for the province\u2019s long-term financial stability. Additionally, the cabinet approved policy guidelines for KP\u2019s participation in the carbon market, including allocations from carbon credit sales and a 1% administrative charge for the Ministry of Climate Change, subject to other provinces&#8217; endorsements. Read: ADB funds USD 320m project to improve KP\u2019s rural road connectivity Lastly, it approved a recurring grant of PKR 1.5 billion for public universities in the province, addressing a freeze in Higher Education Commission (HEC) grants since 2018.<\/p>\n","protected":false},"author":88,"featured_media":94259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[59422,59423,59424],"persona":[],"class_list":{"0":"post-99368","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-debt-management-fund","9":"tag-debt-management-fund-news-and-updates","10":"tag-khyber-pakhtunkhwa-kp-news-and-updates","11":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Debt Management Fund Established in KP - Zameen News<\/title>\n<meta name=\"description\" content=\"KP provincial cabinet approves \u2018Debt Management Fund\u2019 to manage debt obligations and promote financial sustainability. (Sep 19)\" \/>\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\/debt-management-fund-established-in-kp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debt Management Fund Established in KP - Zameen News\" \/>\n<meta property=\"og:description\" content=\"KP provincial cabinet approves \u2018Debt Management Fund\u2019 to manage debt obligations and promote financial sustainability. (Sep 19)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/debt-management-fund-established-in-kp.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-19T09:47:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-19T10:38:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2023\/07\/KP-govt.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Debt Management Fund Established in KP - Zameen News","description":"KP provincial cabinet approves \u2018Debt Management Fund\u2019 to manage debt obligations and promote financial sustainability. 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