Punjab interim cabinet decides to close inactive government run companies

Punjab interim cabinet decides to close inactive government run companies

ISLAMABAD - A meeting of interim cabinet of Punjab, chaired by its Chief Minister, Dr Hassan Askari in Lahore on Monday has decided to wind up the non-functional and inactive government-run companies as per the rules and regulations.

The cabinet also decided to obtain the final opinion of law and finance departments to ascertain the future of the government-funded companies.

Approval was given by the cabinet to amend the first schedule of Code of Civil Procedure, 1908.

The cabinet also approved the formation of boards of management of the Sheikh Zayad Medical College & Hospital, Rahim Yar Khan and Children Hospital & Institute of Child Health, Lahore.

Likewise, the formation of the administrative committee for the Punjab Institute of Cardiology, Lahore was also approved.

It was decided in the meeting to give the facility of additional working capital of three point one seven billion rupees to the Quaid-e-Azam Thermal Power limited.

Moreover, the approval of the establishment of the Punjab Tianjin University of Technology at Township, Lahore was also endorsed by the members of the interim cabinet.

The meeting decided that the government employees from grade-1 to grade-16 will donate their one-day salary to the Diamir-Basha and Mohmand Dams Fund, whereas, the employees from Grade-17-to 22 will give their two-day pay to these funds voluntarily.

Related news