Hi Everyone! Hope you are all doing well. Welcome back to another blog. Today we will talk about everything you need to know about Govt Approves Pending Pay & Allowances for Overseas Press Officers. The federal government has recently given its official approval to release the long-awaited pending pay and allowances to dedicated press officers who are diligently serving in various Pakistani missions located abroad.
During the latest meeting of the Cabinet’s Economic Coordination Committee (ECC), all members unanimously decided to approve an allocation of Rs. 420 million in favor of the Ministry of Information and Broadcasting. The Ministry has designated this substantial amount to address its pressing budgetary shortfall, particularly concerning its Information Services Abroad. Notably, the Ministry of Information and Broadcasting has encountered a significant and concerning shortage of funds during the ongoing fiscal year, significantly impacting its ability to effectively carry out its overseas information services.
Sources familiar with the matter have revealed that as per the latest information, the actual expenditure incurred during the initial eight-month period has amounted to a substantial sum of Rs. 850 million. This figure represents approximately 95 percent of the total budgetary allocation, which was set at Rs. 895 million. Notably, the budget allocation balance currently stands at a mere Rs. 45 million.
The government did not allocate any additional funds, amounting to 420 million, to address the financial shortfall caused by the depreciation of the Pakistani Rupee against the US Dollar and other major currencies. Despite the evident need, the budget allocation did not increase to absorb the impact of this depreciation.
It is worth mentioning that the actual expenditure recorded during the last financial year amounted to Rs. 1,039 million, which is equal to approximately $5.5 million. Furthermore, it is projected that the ongoing fiscal year will witness an estimated expenditure of Rs. 1,315 million, which is approximately equivalent to $5.9 million. These adjustments reflect the current trends in expenditure and demonstrate the financial implications of the aforementioned changes.
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