AUSTERITY / ECONOMY MEASURES FOR THE FINANCIAL YEAR 2019-2020 (PUNJAB GOVERNMENT) – The Provincial Government has decided to observe utmost austerity in usage of public money through prudent Financial Management, observance of Financial Discipline, judicious reduction of the expenditures without compromising the essential and core organizational functions / activities. Expenditures shall be required to be realigned with the organizational goals to make then target-based and cost-efficient. Wastage of resource and leakage of funds needs to be curbed strictly. The economy measures shall be applied across the board for all Government Departments, Local Governments, Authorities, Public Sector Companies, Autonomous Bodies, Attached Departments and Special Institutions with immediate effect.

By |2019-09-24T06:07:55+00:00September 24th, 2019|Punjab|0 Comments
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SCHEDULE OF WAGE RATES – 2019 — Finance Department has prepared Schedule of Wage Rates – 2019 prescribing wages of the work charged establishment employed on seasonal and short term basis in the Irrigation, Energy, Communication and Works Development Department and Local Governments as well as all other development works related entities of the Government of the Punjab. Wage rates given in the Schedule are revised keeping in view the changes / revisions in the Basic Pay Scales and a Allowances of civil employees of the Punjab Government & to keep it in accordance with minimum wage rates fixed by Labour & Human Resource Department. Appointment of Work Charged Employees shall be made in accordance with procedure laid down in the Preface of Schedule of Wage Rates – 2019.

By |2019-09-22T06:00:57+00:00September 22nd, 2019|Punjab|0 Comments
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PLACEMENT OF FUNDS IN COMMERCIAL BANKS (PUNJAB GOVERNMENT) — Mark-up rates offered by the Bank of Punjab may be compared with all Public / Private and Islamic Banks (excluding Specialized Banks, Development Finance Institutions, Microfinance Banks and Foreign Banks operating in Pakistan) having minimum Long Term “AA” rating at the time of placement of funds as evaluated by JCR-VIS or PACRA and published by the State Bank of Pakistan. If Bank of Punjab does not match the highest profit rate or fails to reply within 10 (Ten) days (after receiving the offer letter), the funds may be placed with the Bank offering the highest profit rate.

By |2019-10-09T02:47:43+00:00January 15th, 2019|Punjab|0 Comments
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