World

New provinces to carry heavy cost

ISLAMABAD: A private think tank has found more fiscal faults than benefits of the much-discussed creation of new provinces, advising priority to stronger local governments instead of new provinces if public service delivery was actually intended. In its latest market analysis release on Thursday, Policy Research Institute of Market Economy (Prime) highlighted the additional annual recurring cost of Rs47 billion to Rs57bn in case of creation of two more provinces — South Punjab, Bahawalpur and re