نکی چڑی بھی عمران خان کو الو بنا گئی - چالیس ارب روپے فالتو دیکھا دیئے

[Resilient]

At least you got the point that the payments are stuck at Finance Division and not at the Ministry of Communications.

Secondly, this 40Bn of retained payments, as compared to more than 2200 Bn of circular debt is really not something to worry about in particular. These things are being unnecessarily blown out of proportion.

Third, the response of the Ministry of Finance is missing in the news item, why?

No the payments are with Pakistan Posts and not being transferred to Account number 1 since July 01, 2021, therefore these are not further disbursed to respective DISCOS this will not only accumulate circular debt but also shortfall in recoveries of DISCOs.

 

[Sohail Shuja]

No the payments are with Pakistan Posts and not being transferred to Account number 1 since July 01, 2021, therefore these are not further disbursed to respective DISCOS this will not only accumulate circular debt but also shortfall in recoveries of DISCOs.

Then I guess you need to read the article again, specially concentrate on the following lines:

“Funds are collected on behalf of various companies and deposited in Central Account No.1 (Non-Food) and released to respective partners on release of funds by the Finance Division,” he said.

The process has been discontinued by the Ministry of Finance which is now releasing funds relating only to employees and operational expenses to Pakistan Post. “Resultantly, the amounts collected on behalf of partner organisations are not being cleared and their liabilities are increasing with every passing day,” the communications secretary said, adding that as of mid-February, Rs36.643bn liabilities had accrued and the companies were pressing hard for their clearance.

Mr Hasan asked Finance Secretary Hamed Yaqoob Shaikh to “release funds amounted to Rs36.643bn collected by Pakistan Post on behalf of companies and deposited in Account No.1 so that their liabilities could be cleared at the earliest”.

 

[Resilient]

Then I guess you need to read the article again, specially concentrate on the following lines:

“Funds are collected on behalf of various companies and deposited in Central Account No.1 (Non-Food) and released to respective partners on release of funds by the Finance Division,” he said.

The process has been discontinued by the Ministry of Finance which is now releasing funds relating only to employees and operational expenses to Pakistan Post. “Resultantly, the amounts collected on behalf of partner organisations are not being cleared and their liabilities are increasing with every passing day,” the communications secretary said, adding that as of mid-February, Rs36.643bn liabilities had accrued and the companies were pressing hard for their clearance.

Mr Hasan asked Finance Secretary Hamed Yaqoob Shaikh to “release funds amounted to Rs36.643bn collected by Pakistan Post on behalf of companies and deposited in Account No.1 so that their liabilities could be cleared at the earliest”.

Only those funds are not being disbursed to utility agencies which were collected by Pakistan Post, if ministry finance would have been holding the funds they would have been holding funds collected by other collecting agents like banks are retail money transferring facilities like Easipaisa etc.

 

[Sohail Shuja]

Only those funds are not being disbursed to utility agencies which were collected by Pakistan Post, if ministry finance would have been holding the funds they would have been holding funds collected by other collecting agents like banks are retail money transferring facilities like Easipaisa etc.

Your answer clearly depicts that you do not have even half of the understanding of how the Govt Treasury accounts work and how does the private banks and financial organizations work under a different framework supervised by SBP. For you, the answer is in this line:

Mr Hasan asked Finance Secretary Hamed Yaqoob Shaikh to “release funds amounted to Rs36.643bn collected by Pakistan Post on behalf of companies and deposited in Account No.1

Sec Comm is asking Sec Fin to release the funds lying there in Account No.1. The glitch is at the end of Ministry of Finance.

 

[Resilient]

Your answer clearly depicts that you do not have even half of the understanding of how the Govt Treasury accounts work and how does the private banks and financial organizations work under a different framework supervised by SBP. For you, the answer is in this line:

Mr Hasan asked Finance Secretary Hamed Yaqoob Shaikh to “release funds amounted to Rs36.643bn collected by Pakistan Post on behalf of companies and deposited in Account No.1

Sec Comm is asking Sec Fin to release the funds lying there in Account No.1. The glitch is at the end of Ministry of Finance.

The Power Division is accusing Pakistan Post, Pakistan Post passing the buck to MoF and MoF not responding to Power Division. This government is total circus.

 

[Sohail Shuja]

The Power Division is accusing Pakistan Post, Pakistan Post passing the buck to MoF and MoF not responding to Power Division. This government is total circus.

OK, at least you have got the picture of the problem right.

First of all, let us acknowledge that this news article has "angled" the news.

Therefore, it is highly likely that they are not stating the whole truth.

 

[Resilient]

OK, at least you have got the picture of the problem right.

First of all, let us acknowledge that this news article has "angled" the news.

Therefore, it is highly likely that they are not stating the whole truth.

Yes, they (Sec MoComm) is not stating the whole truth.

 

[Sohail Shuja]

Yes, they (Sec MoComm) is not stating the whole truth.

I think it is the Sec Fin which is not stating everything. They must have been embroiled by the notifications, SRO's and reforms introduced by Hafeez Sheikh.

 

[RajaRawal111]

راجے، اسکا بھی ترجمہ کروا لے

میری عقلِ ناقص کے حساب سے پاکستان پوسٹ نے تو پیسے اکٹھے کر کے فنانس ڈویژن کے اکاوٗنٹ میں جمع کروا رکھے ہیں۔

دوسری بات یہ ہے میرا بھائی کہ جب بھی کوئی بیلنس شیٹ بنتی ہے، تو اسمیں ہمیشہ جو بھی واجب الادا رقومات ہوتی ہیں، انھیں علیحدہ دکھایا جاتا ہے اور وہ کبھی بھی منافع میں شامل نہیں ہوتیں۔

یقین نہیں آتا تو کسی بھی کمپنی کی بیلنس شیٹ کھول کر دیکھ لے ۔۔۔۔
accounts payable or Notes payable
کے نام سے تجھے کچھ اکاوٗنٹ نظر آئینگے اور انکی رقومات کو ہمیشہ منافع میں سے منہا کردیا جاتا ہے، چاہے کمپنی نے وہ پیسے ادا کیئے ہوں یا اپنے پاس بھلے سے دبا کر بھی بیٹھی ہو۔ یہ ان پر واجب الادا ہوتے ہیں۔
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