ISLAMABAD - Following recommendation of the In­ternational Monetary Fund (IMF), the federal government is planning to prepare multi-year indicative budget ceilings on the overall development budget, starting from the Fiscal Year 2024-25 (PSDP), instead of the existing annual based development budget ceil­ing strategy. It was recommended to set multi-year indicative budget ceil­ings by the ministry. It has been planned to prepare mul­ti-year indicative budget ceilings on the overall development (PSDP) budget. Use multi-year indicative budget ceilings to prepare multi-year ceilings. Now the Planning Commission will review powers to obtain information on investment projects across funding sources and identify any needed legis­lative amendment.

Source: The Nation December 27, 2023 12:31 UTC