Pakistan Today

Punjab govt’s surplus account secret revealed

Though the Punjab government claimed having surplus amount of Rs 9 billion just after five months of the current fiscal year, the fact remains that the surplus amount reflected in documents belongs to development funds allocated for the power and education sectors. A private TV channel said the Punjab government had claimed that 32 percent of the development funds had been used in the urban areas of the province, including Lahore, during the period from July to November 2012. However, the truth is that no amount has been used for the water and power sector projects in the province. Development funds for local governments have also been slashed to a meagre amount of Rs 3.80 billion, while schools in Punjab received only seven percent of the promised amount. Similarly, Rs 60 million earmarked for scholarships for female students and free textbooks have also not been utilised.

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