Education ministry fails to utilise funds donated by Germany in 1993 – Newspaper & More News Here

ISLAMABAD: President Dr Arif Alvi on Monday ordered the Ministry of Federal Education and Professional Training to conduct an inquiry towards officers involved who failed to utilise a German donation of Rs13.70 million mendacity with the federal government since 1993-94.

The president stated the quantity was given for buy of paper for printing of low cost textbooks.

Dr Alvi directed the Ministry of Federal Education and Professional Training to conduct an inquiry and take motion towards the officers liable for the lapse, says a press launch issued by the Presidency.

It stated the president warned the training ministry not to shift the burden of such inquiries on retired and expired officers and submit a compliance report to Federal Tax Ombudsman (FTO) inside 45 days.

President Alvi orders ministry to maintain inquiry into non-utilisation of over Rs13 million grant

He noticed this in his resolution introduced on Monday on an enchantment referred to him by the Central Directorate of National Savings (CDNS) towards a ruling of the FTO.

He stated the cash remained in non-revenue bearing account for six years and no person cared about it.

Dr Alvi stated the loss incurred due to preserving the cash idle amassed to Rs17,490,730 which even exceeded the principal sum of Rs13.707 million.

Moreover, even this loss may have been larger had it not been identified by the audit.

The president stated the forgotten cash was deposited in the particular financial savings certificates on July 23, 1999, to July 23, 2014.

During this time, the federal government coverage on particular financial savings certificates was for automated rollover each three years that didn’t require investor’s prompting.

He noticed that after March 23, 2014, when automated rollover of funding stopped, there was not a single particular person in the Ministry of Education who cared about this cash and the ministry let the complete quantity remained idle with out incomes any revenue.

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The president termed the act of the Ministry of Education for non-utilisation of quantity and revenue thereof which had elevated to Rs54,265,500 as shameful.

When in 2020, the federal government ordered that each one funds of ministries mendacity in completely different banks be deposited in the nationwide treasury the audit revealed this gross negligence of preserving the German grant in non-revenue account.

However, when the ministry withdrew the cash in response to an audit objection, the matter of deduction of Zakat and withholding tax got here to floor.

The president noticed that the ministry additionally failed to receive the revenue tax and Zakat deduction exemption

certificates to declare exemption from deduction of withholding tax and Zakat which as per coverage was admissible to the ministry.

As a outcome, CDNS deducted each withholding tax and Zakat on account of non-furnishing of exemption certificates which once more mirrored poorly on the training ministry’s capability to deal with authorities funding prudently and effectively.

The president exonerated the CDNS on account of appearing in good religion and on deduction of each withholding tax and Zakat for need of exemption certificates.

He directed the ministry of federal training to strategy the FBR and Zakat Department for getting exemption certificates with retrospective impact and in addition think about issuance of exemption certificates on “one time basis” in accordance with the foundations.

Published in Dawn,June seventh, 2022

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