LAHORE: The caretaker Punjab government has approved the release of over Rs500 million frozen funds of PMLN senior leader and Federal Finance Minister Ishaq Dar.
The Punjab caretaker cabinet allowed unfreezing Rs506.7 million funds as supplementary grants. The funds, in government accounts, will now be transferred to Ishaq Dar’s commercial accounts.
On a directive from the National Accountability Bureau (NAB), the Lahore deputy commissioner had sent a circular to the Finance Department for restoring Ishaq Dar’s frozen accounts. After confirmation, the Finance Department had linked the release of funds with the provincial cabinet’s approval, which has now been granted. The Punjab Finance Department will soon transfer more than Rs500 million funds to Ishaq Dar’s accounts in commercial banks.
When contacted, provincial information minister Amir Mir confirmed the release of the amount. He, however, said the previous government had processed the case following a court order.
Pak Army and Gilgit-Baltistan government request federal government to provide 100pc local wheat
More than $20bn in market value has been wiped off Adani’s corporate empire, says Financial Times
Fund asked government to increase sales tax on POL products to 18 percent instead of 1-2 percent.
Air chief’s visit underscores importance of technological collaboration in strengthening national defence capabilities
Under Article 154 of the Constitution, it is mandatory to hold a CCI meeting every 90 days, says Sindh CM
Chairing meeting on Thursday, CM directs construction of 5,000 new classrooms under PSRP Programme