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Kayani for fed-provincial alignment, local devolution
ISLAMABAD: Minister of State for Finance Bilal Azhar Kayani on Thursday called for greater alignment between federal and provincial governments and devolution of resources and powers to the local level, saying development spending must translate into visible improvements in people’s lives. “Pakistan’s recent economic gains were important but “not enough”, stressing that the key challenge was to break the recurring cycle of foreign exchange reserve depletion after periods of economic growth,” said the minister while addressing the ninth edition of the Leaders in Islamabad Business Summit, organ...
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