logo
KP govt to form ‘Climate Action Board'

KP govt to form ‘Climate Action Board'

PESHAWAR: The KP government is mulling over to constitute a 10-member Climate Action Board to coordinate and oversee climate strategies across the province and ensure harmonisation of all efforts in this regard.
For this purpose, the provincial government has already tabled the draft KP Climate Action Board Act, 2025 in the provincial assembly.
With Additional Chief Secretary to the Government of Khyber Pakhtunkhwa Planning and Development Department and Secretaries Finance, Law, Climate Change, Energy & Power, Transport & Mass Transit, Head of the concerned department if not already member, Local Government and four members from private sector including a woman would work administratively and functionally independent and the government would use its best efforts to promote, enhance and maintain its independence.
The board without prejudice to the generality of the foregoing provision would develop, review, amend and oversee the execution of climate policies and action plans, advice the government on climate policies, commitment and strategies.
The board would conduct and maintain provincial greenhouse gas (GHG) inventories and establish emissions baselines, and conduct, promote and oversee research on mitigation, adaptation and climate finance; coordinate and facilitate climate action activities across departments; ensure climate tagging of all schemes in the Annual Development Programme (ADP) for alignment with climate goals.
It would also be responsible for mobilisation of financial resources for climate action and establishment and maintaining a dedicated Climate Action Board Fund; coordinate and pitch provincial projects for international climate financing e.g., Green Climate Finance, Climate Investment Finance, Global Environment facility etc.
The board would also facilitate participation in carbon markets and support the generation of carbon credits; establish and implement carbon pricing mechanism to encourage low-carbon development; monitor and evaluate awareness campaigns on climate change and promote environmental sustainability.
The Climate Action Board would also engage wit stakeholders, including communities, industries and civil society to ensure community resilience to climate change including systems for adoptive and shock responsive social protection; build capacity through the development and implementation of training programmes on climate action.
Furthermore, it would also nominate and finalise government officials, experts and representatives for climate-related training, conferences and events; liaise and coordinate with federal government in matters falling within its jurisdiction; review, negotiate, approve and execute Memorandums of Understanding (MoUs) letters of intents and other climate related agreements.
Copyright Business Recorder, 2025

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

KMC set to unveil surplus budget this week
KMC set to unveil surplus budget this week

Express Tribune

time3 hours ago

  • Express Tribune

KMC set to unveil surplus budget this week

Karachi Metropolitan Corporation (KMC) has finalised its budget for the fiscal year 2025-26, which is expected to be presented in the coming days. According to sources, the surplus KMC budget is likely to be presented on June 25 or 26. Per information available to The Express Tribune KMC budget shows a surplus of Rs146.2 million. The estimated total revenue is Rs55.28 billion almost Rs5.58 billion higher than last year. Similarly, total expenditures are projected at Rs55.13 billion about Rs5 billion higher than the previous fiscal, keeping them close to the revenue figure. Last year, KMC City Council had approved Rs49.602 billion budget with a surplus of Rs99.707 million for financial year 2024-25. Mayor Murtaza Wahab had presented the budget with total income estimated at Rs49.7 billion, while the estimated expenditures were Rs49.6 billion. Current Receipts were Rs39.7 billion and Capital Receipts were Rs815.2 billion, while funds for the District Annual Development Programme (ADP) were Rs9.16 billion. Meanwhile, for the upcoming fiscal of 2025-26, sources said that over Rs20 billion have been allocated for development projects. An amount of Rs7.29 billion has been earmarked for medical and health facilities. Salaries and administrative expenses will consume Rs31.59 billion. For the World Bank-funded CLICK project, Rs7.43 billion have been allocated. In addition, Rs9 billion have been approved for District Annual Development Programme (ADP) schemes, and Rs13.41 billion have been allocated for pensions and retired employees. A budget of over Rs5.3 billion has been set aside for municipal services. Engineering projects will receive Rs4.37 billion, while parks and horticulture have been allocated more than Rs1.77 billion. For IT infrastructure and services, a budget of Rs98.5 million has been allocated. Current receipts are estimated at Rs44.14 billion. The corporation plans to carry out development works worth Rs300 million using its own resources. Under the District ADP, Rs4.63 billion have been allocated for road improvement.

Timely completion of energy projects top priority: secy E&P
Timely completion of energy projects top priority: secy E&P

Business Recorder

time5 hours ago

  • Business Recorder

Timely completion of energy projects top priority: secy E&P

PESHAWAR: KP Secretary Energy and Power Mohammad Zubair Khan has said that timely completion of the Bala Kot, Lawi and Gurkan, Mataltan, Gabral (Kalam) and Madiyan Hydropower Projects within the stipulated time frame is a major challenge. He expressed these views while presiding over a meeting here the other day. Besides the chief executive officers of Provincial Energy Development Organisation (PEDO), KP Oil and Gas Company and heads of Electric Inspectorate, Energy Planning, Additional Secretary Admin Shoaib Khan and Additional Secretary Power Anwar Khan Sherani, other senior officers also attended the meeting. He stressed on the need to complete the ongoing energy projects in view of the prevailing circumstances and to promote investment in these projects by immediately amending and revising the Power Policy 2016 and issued instructions to prepare work plans, timelines and activity plans to bring transparency in the projects. The secretary Energy and Power said that under the Khyber Pakhtunkhwa government's Good Governance Roadmap Programme, merit and transparency in institutions is the top priority. He said that the biggest challenge is to complete the ongoing energy projects in the Energy & Power department and all its subsidiary institutions within the stipulated time frame in the light of fast track. He said that In light of the directives of the KP chief secretary, it should be the duty of all officers and officials to conduct affairs under e-tendering, e-paid, one-window platform, which will be strictly monitored. Copyright Business Recorder, 2025

Finance bill contains drafting errors: experts
Finance bill contains drafting errors: experts

Business Recorder

time6 hours ago

  • Business Recorder

Finance bill contains drafting errors: experts

ISLAMABAD: Finance Bill (2025-26) contains drafting errors and contradictions amongst taxing statues including Income Tax Ordinance, 2001, Sales Tax Act, 1990 and Federal Excise Act, 2005. Tax experts told Business Recorder that policymaker has been harmonizing the parallel provisions contained in the Income Tax Ordinance, 2001, Sales Tax Act, 1990 and Federal Excise Act, 2005 as all these are administered by the same officer of the field formations. But contrary to the established policy and past practice through Finance Bill 2025 certain contradictory amendments are proposed. The tax experts have pointed out that earlier all the three taxing statutes contained a provision that after issuance of show cause notice the assessment order was to be passed within a specified period and this provision was interpreted as mandatory in various judgments of the Supreme Court. Budget FY25-26: Finance bill still being discussed, says FBR However, through Finance Bill the provisions contained in Section 122(9) of the Income Tax Ordinance, 2001 is proposed to be omitted meaning thereby that there would be no time limit for passing the assessment order after issuance of show cause notice and practically the same can be passed within five years of the end of the Financial Year in which the relevant return of total income was filed. Contrary to this, the identical provision contained in Section 11G of the Sales Tax Act, 1990 and sections of the Federal Excise Act would be continued. This differential treatment in the taxing statute administered by the same assessing officer does not sound to reason and is contrary to the norms of justice and fair play. When contacted, Shahid Jami, a Lahore based tax lawyer, explained that though Anomalies Committees have been constituted by the Federal Government but such fine points are not likely to be addressed by them as this may not be considered anomaly by them. He pointed out a drafting error according to which sub-section (1) of Section 46 of the Sales Tax Act, 1990 pertaining to appeal to the Appellate Tribunal is intended to be substituted and the proposed amendment provide appeal only against the appeal order passed by the Commissioner (Appeals) and contrary to the earlier provision existing for decades no appeal has been provided against the order passed by the Zonal Commissioner and FBR under the Act or Rules. Jami stated that the wording appears to be erroneous in drafting and not intentional change in policy as the words 'under this Act and Rule made there under' exist in the proposed amendment but the authorities of Zonal Commissioner and FBR are missing. It is imperative that such drafting errors and contradictions are removed from the Finance Bill for uniformity of taxing statues and to protect the rights of the taxpayers. Copyright Business Recorder, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store