Budget will be transparent: Pervez Rashid

Published: May 29, 2014
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Express News screengrab of Pervez Rashid.

Express News screengrab of Pervez Rashid.

ISLAMABAD: A few days before the government unveils the budget for fiscal year 2014-15, Information Minister Senator Pervez Rashid has said the upcoming budget will be transparent, Express News reported. 

“The money will be visible therefore we can be held accountable,” said Rashid during a press conference held on Thursday.

Senator Rashid also spoke about agreements signed in the 90s which provided power companies sovereign guarantees by the government of Pakistan. “These agreements were not made by the PML-N government,” he said.

Rashid went on to add that the electricity power companies do not produce – even if it is in their capacity to do so – will have to be paid for by the government, whether the government chooses to use this electricity or not.

“These agreements are causing conflicts because if the government does not pay these power companies, the power companies can take the government to court anywhere in the world based on these sovereign guarantees.”

He added that this would diminish Pakistan’s status in the international community.

The minister also spoke about positive developments that have taken place under Prime Minister Nawaz Sharif’s government, particularly in the telecommunication and banking sectors.

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Reader Comments (4)

  • Asad@NYC
    May 29, 2014 - 3:37PM

    Can someone please fire this man?

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  • Jibran
    May 29, 2014 - 3:41PM

    Transparency is not your best suit. Besides, given your total lack of credibility, after your announcement, it is extremely unlikely to have any transparency.

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  • imran ali
    May 29, 2014 - 8:56PM

    yes it will be transparent like election of 11 may 2013

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  • Baba Ji
    May 30, 2014 - 9:09AM

    With the clothes ripped off the ghareeb awam, they sure will be transparent !!!!

    Recommend

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