Finance panel skips council session anew

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August 21, 2013 by apicomely

Ignoring the councils invitation is a dishonor and sign of disrespect, Councilor Sisinio Andales said. Rama said in a separate interview that there is no law which prohibits holding the ELA meeting pending compliance with the councils condition for a local finance committee appearance. A clearly irate Rama also questioned the councils motive especially after former mayor and south district representative Tomas Osmena placed a one page newspaper advertisement yesterday on the citys financial performance. Quoting the 2012 Annual Audit Report, Osmena questioned the financial picture of the Cebu City Government in the ad which also mentioned that its publication was made in the spirit of transparency. Kana klaro na kaayo na.

WB has agreed to finance Diamer-Bhasha dam: Dar

aI have taken up the Diamer-Bhasha issue with the ADB and its visiting vice president was very positive and promised to work proactively with Pakistana and become the lead finance manager for the project, he said. The minister said since one institution alone could not provide so much funding Pakistan had decided to approach all international lenders. An official statement quoted ADB vice president Xiaoyo Zhao as saying the Manila-based agency was on board and supportive of the construction of Diamer-Bhasha dam. aWe have now moved ahead and (are) working to find a way to structure it (dam transaction) and we are already looking at various models in this regard,a said Mr Zhao during a meeting with Mr Dar. He said the ADB appreciated the bold steps taken by the PML-N government for reviving the economy specially for successfully clearing the circular debt which was crucial for bringing in new investors and financing in the energy sector.


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