ISLAMABAD:
Caretaker Finance Minister Dr Shamshad Akhtar on Friday disclosed that there was a sum of Rs17.86 billion within the Supreme Court docket and Prime Minister’s Dams Fund.
In her written response submitted to the Senate, Dr Akhtar knowledgeable the Home that an quantity of Rs11.46 billion was immediately contributed to the fund, whereas an extra sum of Rs6.29 billion was gathered as revenue on authorities investments.
The interim minister made it clear that no withdrawal had been produced from the dams fund and any such transfer would require the judiciary’s permission.
She stated this “transparency and accountability” in managing the fund’s assets had been crucial for making certain the efficient use of the cash it had for the development of the dams.
Learn Extra: Dams fund has over Rs16 billion, SC knowledgeable
Former Chief Justice of Pakistan Saqib Nisar had established a Supreme Court docket of Pakistan Diamer-Bhasha and Mohmand Dams Fund on July 10, 2018, to lift cash for the development of each the dams.
The State Financial institution’s web site acknowledged that the SC supervised the fund and its registrar immediately operated its account.
Later, the then premier Imran Khan had additionally thrown weight behind Justice (retd) Nisar’s name for donations and had urged abroad Pakistanis to contribute to the trouble to lift funds by way of voluntary donations.
Learn Extra: Decision requires depositing Diamer-Bhasha dam funds into kitty
In January this yr, the SC directed the auditor normal of Pakistan to evaluate the information of the fund.
It noticed that the cash within the fund wouldn’t be spent on repairing the injury attributable to the floods again then.
State Financial institution officers knowledgeable the courtroom that the fund presently had greater than a sum of Rs16 billion however to date neither had any withdrawal been produced from it, nor any expenditure incurred from that cash.
Throughout the query hour session within the higher home of parliament on Friday, Senator Danesh Kumar of the BAP stated he had learnt that the wage of the State Financial institution governor was Rs4 million.
The interim finance minister replied that the State Financial institution was a company physique whose board of governors handled it affairs.
An incensed PPP Senator Palwasha Khan identified that the State Financial institution governor, whose job was solely to “beg” from the Worldwide Financial Fund.(IMF), was Rs4 million whereas a member of the higher home of parliament acquired solely Rs140,000.
The interim finance minister advised the Home that the State Financial institution had launched a coverage asking its staff that in the event that they agreed to relinquish their pensions, their salaries can be raised.
(With enter from our Information Desk in Karachi)