Pun­jab plans to in­vest 7b sur­plus BF in real sec­tor

Pakistan Observer - - NATIONAL - SALIM AHMED

LA­HORE—Ad­di­tional Chief Sec­re­tary Pun­jab Shamail Ah­mad Khawaja presided over a meet­ing re­gard­ing in­vest­ment of sur­plus funds of seven bil­lion ru­pees of the pro­vin­cial Benev­o­lent Funds (BF).

Sec­re­tary PBFB Sahibzadi Waseema Umar, Ad­di­tional Sec­re­tary Admin S&GAD and other se­nior of­fi­cers were present.

A briefing was given to the meet­ing re­gard­ing present sit­u­a­tion of the in­vest­ment of sur­plus as­sets of the Benev­o­lent Board and the fa­cil­i­ties be­ing pro­vided to the visi­tors at the of­fice of the Board lo­cated at Al­falah Build­ing La­hore.

Ad­di­tional Chief Sec­re­tary Shamail Ah­mad Khawaja di­rected that other than de­posit­ing sur­plus funds of the Board in bank­ing sec­tor, the op­tion of safe in­vest­ment in real es­tate sec­tor should be con­sid­ered. He said that pur­chase of a build­ing at a cen­tral or prime lo­ca­tion in the pro­vin­cial me­trop­o­lis with the sur­plus funds should be looked into so that be­sides ad­di­tional in­come in the form of se­cu­rity, the ben­e­fit of rent could also be trans­ferred to max­i­mum num­ber of de­serv­ing em­ploy­ees. The meet­ing also took nec­es­sary de­ci­sions with re­gard to so­lu­tion of prob­lems of re­tired gov­ern­ment ser­vants and their wi­d­ows within a pe­riod of one week to one month so that they could be saved from the in­con­ve­nience of vis­it­ing the of­fice of the Board again and again. Ad­di­tional Chief Sec­re­tary or­dered to sim­plify all pro­ce­dures to the max­i­mum in this re­gard. He also gave in­struc­tions for keep­ing the lifts in Al­falah Build­ing in a work­ing con­di­tion so that the el­derly gov­ern­ment ser­vants should not face any dif­fi­culty in con­tact­ing of­fi­cers con­cerned.

APP adds: Ad­di­tional Chief Sec­re­tary Pun­jab Shamail Ah­mad Khawaja has said that sur­plus funds of Rs 7 bil­lion of the Pun­jab Benev­o­lent Fund Board (PBFB) should be con­sid­ered to in­vest in the real es­tate sec­tor.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.