Minister examines the bill on public finance management


LAHORE: Punjab’s Finance Minister Makhdoom Hashim Jawan Bakht chaired a meeting and reviewed the PFM bill, a statement said on Tuesday.

Finance Secretary Iftikhar Amjad, Additional Secretary Salman Ghani and a team from the Sub-National Governance Program attended the meeting.

By law, the Punjab’s finance department will prepare the infrastructure for the prompt delivery of services as part of the development plans.

The budget will only be approved for the financial affairs of development projects. Other frameworks will be completed before the budget is approved. The next budget will include 80 percent of ongoing projects and 20 percent of new projects.

The meeting was informed that results-based medium-term planning will improve the performance of departments, as well as the medium-term budgeting process.

Previously, the Minister had considered the proposals of LUMS researchers to combat air pollution and underlined the need to promote green financing, encourage the use of modern technologies in industries, the transfer of furnaces to ZigZag technology and the use of clean fuel in vehicles.

The government will fund green projects from the next fiscal year, he said, adding that under the proposed ZigZag brick kiln model, kiln owners will receive training and resources on the proper use of the technology. .


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