Monday, March 27, 2023
News

Gilgit-Baltistan faces financial crisis, seeks funds from Pakistan's Govt

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Gilgit-Baltistan | January 27, 2023 12:02:08 AM IST
Gilgit-Baltistan Governor Syed Mehdi Shah highlighted the region's financial crisis and asked for financial aid from the federal government, reported Dawn.

In a meeting with Federal Minister for Planning Ahsan Iqbal on Wednesday, Shah communicated about the serious financial crisis the Gilgit-Baltistan government was facing.

According to a press release, the governor requested the federal minister to release funds for PSDP projects and annual grants of the GB government.

Sources told Dawn that the federal government had not released the annual financial development grant of the GB as the region depends on the financial grant of the federal government.

The governor also requested the federal minister to order the release of Rs 500 million for the endowment funds of Baltistan University.

Iqbal assured the GB governor that he would also try to get the amount released for the funds, reported Dawn.

Meanwhile, the region is facing a serious shortage of wheat. However, due to an increase in the wheat price across the country and GB, the GB government had to purchase less wheat which resulted in the wheat shortage in the area as additional funds from the federal government are required to purchase the required quantity of wheat for the area people, reported Dawn.

Weeks of anger over food shortage and runaway inflation have snowballed into massive anti-government demonstrations in Pakistan-occupied Kashmir and illegally held Gilgit Baltistan.

People from all walks of life in nearly all parts of the occupied regions blocked highways and burnt tyres to express their resentment against the government.

Protesters said they were unable to make ends meet owing to the government's policy failures which resulted in a sharp rise in the wheat price.

Pakistan is going through an unprecedented economic crisis, which has essentially manifested in the form of a sudden shortage of flour prices. Government depots that provide subsidized wheat to citizens have been locked.

The ripple effects of the crisis, however, are even more worrisome in PoK and Gilgit Baltistan as people here have already been discriminated against historically.

Observers have time and again blamed the government for being both negligent and systematically discriminatory towards the people of PoK.

They say Islamabad has ensured over the past seven-and-a-half decades that the people of Pakistan-occupied Kashmir remain marginalized.

Islamabad has also been accused of meting out second-class citizen treatment to the people of PoK.

Pakistan has misruled these regions since it illegally gained its control post-British-India partition in 1947.

People here say, they have historically been treated as second-class citizens and are subjected to intimidation and cruelty if they ask for equality. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
Two die at free flour points in Pakistan...
PTI links human rights violation with 'F...
Paklstan: Hundreds of Imran Khan's party...
Armies of Nepal, US to discuss defence c...
28 migrants die after boats capsize off ...
Will move forward with bill to block Tik...
More...
 
INDIA WORLD ASIA
Will ensure Delhi-Dehradun Expressway is...
Youth Congress leader arrested for stopp...
Woman fights mobile snatchers in Bihar's...
BJP criticises Congress 'satyagraha' pro...
BSF arrests three persons, seizes 1,385 ...
Maha Congress protests in all districts ...
More...    
 
 Top Stories
PTI links human rights violation wi... 
COVID preparedness: Union Health Se... 
MP: 19 swamp deer brought from Kanh... 
In a first, TMC joins opposition me... 
"We are ready to accept all judgeme... 
Both Houses of Parliament adjourned... 
India logs 1805 new COVID-19 cases ... 
Protesters take to streets in Israe...