Author: arshad

Withdrawal of Budget -AG 08.11.2023

Withdrawal of Budget -AG 08.11.2023 On November 8, 2023, the Accountant General Punjab issued a crucial directive concerning the withdrawal of budget funds for the upcoming financial period. This order, documented under reference number MIS-Coord/Misc: Correspondence/787, outlines essential steps for the release of the budget for November 2023 through February 2024. This comprehensive guide aims to demystify the budget withdrawal process, highlight its importance, and provide practical steps for District Accounts Offices (DAOs) and relevant departments to ensure smooth financial operations. The Importance of Budget Management Effective budget management is the cornerstone of sound financial governance within government departments. It…

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Transfer of GP Fund Balance for Computer Record period falling after 01.05.2013 – AG 04.02.2022

Transfer of GP Fund Balance for Computer Record period falling after 01.05.2013 – AG 04.02.2022 On February 4, 2022, the Accountant General Punjab issued a crucial update concerning the transfer of GP Fund balances for periods recorded after May 1, 2013. This update clarifies procedures and addresses questions from district accounts offices, especially in relation to the handling of GP Fund data in the SAP system. This article provides an in-depth look at the key points from the latest directives, aiming to help finance professionals understand the updated processes and ensure compliance with the new guidelines. Understanding the New Directive:…

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Special Conveyance Allowance to Disabled Employees dt 08.10.2019

Special Conveyance Allowance to Disabled Employees dt 08.10.2019 On October 8, 2019, an important update was issued regarding the Special Conveyance Allowance for disabled employees. This clarification follows the Finance Department’s letter dated July 19, 2019, and aims to provide clear guidelines on the eligibility and terms for this allowance. This article explores the specifics of the Special Conveyance Allowance, its applicability to disabled employees, and what remains unchanged in the policy. Understanding Special Conveyance Allowance The Special Conveyance Allowance is a benefit provided to support disabled employees with the additional costs associated with transportation. This allowance is designed to…

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