GILGIT (Dawn): Prime Minister Raja Pervez Ashraf has asked the federal finance ministry to form a new body on the pattern of National Finance Commission for Gilgit-Baltistan to resolve the region’s financial issues with the centre.
The federal and Gilgit-Baltistan governments are likely to sign an agreement in this respect soon.
This was disclosed by a Gilgit-Baltistan Council member during a meeting.
The member said the agreement in question would strengthen the financial position of the Gilgit-Baltistan government as all taxes paid indirectly by locals would return to the region and thus, ushering in a new era of development.
He said Gilgit-Baltistan didn’t fall in the NFC ambit and that funds required by the region were released by the centre as assistance.
The Gilgit-Baltistan Council member said the prime minister had also issued directions for speedy legislation on mining, border trade, forest tourism, and potential sectors in the region for better foreign and local investment.