Author: arshad

Transfer of Funds in Commercial Bank from Assan Assignment (AAA) as advance drawl Finance Department, Government of the Punjab clarified that the withdrawal from the Assan Assignment Account (LC) is permissible as advance withdrawal, except with the express approval of Finance Department. Therefore the transfer of funds in commercial bank account requires explicit approval form the Finance Department.

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Monthly Reconciliation of Expenditure dt 06.01.2019 Government of Punjab, Finance Department directs all the Drawing and Disbursing Officer to reconcile their expenditure by 20th of each month. It is compulsory for all the Drawing & Disbursing Officer to Reconcile the Expenditure with the concerned Accounts Office / Accountant General Office / Treasury Office, Lahore. In case of delinquency, it will be presumed that the Expenditure are stands accepted by the Drawing and Disbursing Officer and any Loss occurred subsequently will only be on the shoulder of delinquent Drawing and Disbursing Officer. Monthly Reconciliation of Expenditure: Direction Issued by the Accountant…

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Regularization of Contract Employees of Treasury Establishment Appointed under Rule 17-A Government of Punjab, Finance Department accorded permission to make 100% recruitment on regular basis against the vacant post in Punjab Treasury Establishment. Moreover, recrement already made under Rule 17-A on contract basis is allowed to amend on Regular basis from the date of Initial Appointments.

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Encashment of Cheques till 07.07.2016 – Relaxation of Rule 2.16 PFR Vol-1 According to Rule 2.16 of Punjab financial Rules Volume-I, the currency of cheques remained valid till three month after the month fo issue or 30th June of the financial year in which they are issued, whichever is earlier however one time relaxation to the rules 2.16 PFR Vol-I was granted and the currency of cheques was extended till 07.07.2016.

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