Gilgit:  Gilgit-Baltistan Governor Syed Mehdi Shah on Wednesday discussed the issue of financial crisis faced by his region with  Federal Minister for Planning Ahsan Iqbal and sought release of funds by the federal government of Pakistan.

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

Informed 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.

Iqbal ordered release of funds for GB development projects and promised to take immediate steps for the release of the grant by the federal government to the GB government.

The governor also requested the federal minister to order release of Rs500 million for endowment funds of Baltistan University.

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