AIRLINK 214.01 Increased By ▲ 4.46 (2.13%)
BOP 10.40 Decreased By ▼ -0.06 (-0.57%)
CNERGY 7.20 Decreased By ▼ -0.15 (-2.04%)
FCCL 34.19 Decreased By ▼ -0.20 (-0.58%)
FFL 18.24 Increased By ▲ 0.19 (1.05%)
FLYNG 22.80 Decreased By ▼ -0.12 (-0.52%)
HUBC 130.32 Decreased By ▼ -2.17 (-1.64%)
HUMNL 14.25 Increased By ▲ 0.11 (0.78%)
KEL 5.03 No Change ▼ 0.00 (0%)
KOSM 7.10 Increased By ▲ 0.03 (0.42%)
MLCF 44.90 Decreased By ▼ -0.30 (-0.66%)
OGDC 218.80 Increased By ▲ 0.42 (0.19%)
PACE 7.68 Increased By ▲ 0.10 (1.32%)
PAEL 42.15 Increased By ▲ 0.45 (1.08%)
PIAHCLA 17.51 Increased By ▲ 0.21 (1.21%)
PIBTL 8.85 Increased By ▲ 0.30 (3.51%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 187.40 Decreased By ▼ -1.63 (-0.86%)
PRL 41.98 Decreased By ▼ -0.35 (-0.83%)
PTC 25.58 Increased By ▲ 0.41 (1.63%)
SEARL 102.89 Decreased By ▼ -1.07 (-1.03%)
SILK 1.05 Increased By ▲ 0.02 (1.94%)
SSGC 41.20 Increased By ▲ 1.96 (4.99%)
SYM 19.27 Increased By ▲ 0.11 (0.57%)
TELE 9.27 Increased By ▲ 0.03 (0.32%)
TPLP 12.80 Decreased By ▼ -0.30 (-2.29%)
TRG 69.70 Increased By ▲ 0.52 (0.75%)
WAVESAPP 10.68 Decreased By ▼ -0.04 (-0.37%)
WTL 1.89 Increased By ▲ 0.18 (10.53%)
YOUW 4.15 Increased By ▲ 0.01 (0.24%)
BR100 12,121 Increased By 41.6 (0.34%)
BR30 36,642 Increased By 39.3 (0.11%)
KSE100 116,332 Increased By 279.5 (0.24%)
KSE30 36,650 Increased By 72.8 (0.2%)

The Ministry of Finance violated its own directives by releasing Rs 205 million as supplementary grants to various ministries for purchase of new vehicles for Ministers and Parliamentary Secretaries. On September 15, 2104, the federal government announced its new austerity plan, and imposed a ban on the purchase of new vehicles, new recruitments and restricted the official lunches and dinners in a bid to control the soaring expenditures.
The budget document 2015-16 reveals that the Cabinet Division purchased 10 Toyota Land Cruiser (Armoured) against Rs 150 million as well as 20 Toyota Corolla Cars 1300cc for official use of the parliamentary secretaries which cost the exchequer Rs 36 million. Ministry of Communication also spent Rs 7.6 million out of supplementary grants on purchase of two Toyota Vigo 2500cc. One vehicle has been in use by Minister for State for Communication and one by Minister of State for Postal Service Department. The budget document further reveals that Housing and Works Division purchased a Rs 4.3 million Toyota Double Cabin for security purpose of Federal Minister for Housing and Works.
Religious Affairs and Inter Faith Harmony Division also spent Rs 7 million from supplementary grants for purchase of two double Cabin vehicles for security purposes of Federal Minister and Minister of State. The Finance Ministry through a notification announced a five point austerity plan for the ongoing fiscal year 2014-15 in a bid to control soaring expenditures to be effective immediately. Supplementary grants are given to ministries for their unforeseen expenditure which are not covered under annual budget.

Copyright Business Recorder, 2015

Comments

Comments are closed.