Author Topic: Punjab Technical Education funds  (Read 1871 times)

Offline فائزہ

  • Good Member Group
  • Hero Member
  • **
  • Posts: 1749
  • My Points +0/-0
  • Gender: Female
Punjab Technical Education funds
« on: February 23, 2010, 08:26:07 PM »
Punjab Technical Education funds

TEVTA surrenders Rs 500m over non-utilisation of funds
Lahore, Feb 23: The Technical Education and Vocational Training Authority (TEVTA) has surrendered Rs 500 million over the non-utilisation of development funds in the first half of the financial year.

The authority is likely to surrender Rs 500 million more in the second phase during the first week of March, a senior official of Planning and Development (P&D) told Daily Times. The Punjab government had earmarked Rs 2.3 billion in the Annual Development Programme (ADP) 2009-10 for 101 development schemes under TEVTA.

Out of the total allocated funds, Rs 1.75 billion was for the execution of 59 on-going schemes whereas Rs 550 million was allocated to initiate 42 new development schemes by the authority, sources said. The Finance Department on the request of TEVTA released Rs 2.1 billion by the end of January to initiate and execute 101 development schemes in the province during 2009-10. These funds were at the disposal of TEVTA.

The authority utilised only Rs 53 million, 2.5 percent of the total released amount, until the end of the first half of the financial year. Whereas in a briefing in the first week of February to Shahbaz Sharif on the utilisation of development funds, the officials of TEVTA maintained that the authority had utilised Rs 178 millions out of the total released funds, which amounts to 9 percent.

After the briefing, the chief minister expressed 'his displeasure' over the non-utilisation of funds by the authority. As a result, the authority surrendered Rs 500 million to the national exchequer and talks are in progress to surrender more funds, the P&D told Daily Times.

TEVTA Chairman Saeed Alvi said talks were in progress to surrender Rs 450 million, however he denied that Shahbaz had showed his 'displeasure' over non-utilisation of the development funds. Daily times