Ministry of Finance denying the news reports of not settling the bills produced by Provincial Councils and Line Ministries in the last quarter of 2016 said that Rs.10 billion was issued by the Treasury in the first quarter of this year to settle same.
The Index of Industrial Production (IIP) is an important indicator of economic performance and its main purpose is to provide a measure of the short-term changes in the volume of industrial production over a given period of time. It can be used to identify the turning points in economic development at an early stage. Monthly IIP will be released quarterly with a time lag of 63 days. The base year for the IIP compiled by DCS is 2015. IIP value of difference base years cannot be compared.