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Punjab govt releases Ishaq Dar’s Rs500m frozen funds

By Ali Ramay

February 11, 2023 01:54 PM


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The caretaker Punjab government has approved release of over Rs500 million frozen funds of PML-N senior leader and Federal Finance Minister Ishaq Dar, reported 24NewsHD TV channel.

The Punjab caretaker cabinet allowed the unfreeze of Rs506.7 million funds as supplementary grants.

These funds in government accounts will now be transferred to Ishaq Dar’s commercial accounts.

On a directive from National Accountability Bureau (NBA), the Lahore deputy commissioner had sent a circular to the Finance Department for restoring Ishaq Dar’s frozen accounts.

After confirmation, the Finance Department had linked the release of funds with the provincial cabinet’s approval, which has now been granted.

The Punjab Finance Department will soon transfer more than Rs500 million funds to Ishaq Dar’s accounts in commercial banks.


Ali Ramay

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Ali Ramay is a senior reporter for City42 and 24NewsHD, based in Lahore.He is primarily responsible for gathering and reporting news related to the Punjab Government and provincial departments.


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