Rs 20 million released for payment of newspapers' dues -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

Rs 20 million released for payment of newspapers’ dues

KARACHI- On the instruction of Sindh Governor Mohammadmian Soomro, Rs 20 million have been released for payment of dues of newspapers in respect of government advertisements and the payment thereof has started.

Like other departments, huge arrears of newspapers had also accumulated in the past which are now being paid by the present government.

The present government has already paid billions of rupees towards the State Bank’s overdraft of Rs 10 billion, Rs 12 billion Water and Power Development Authority (Wapda) dues and other heads.

The Rs 20 million is the fifth instalment in connection with the payment of newspaper dues. Its payment will clear the dues up to September 1999.

Through the last four instalments, the Information Department of Sindh Government paid Rs 161.5199 million.

Similarly, a co-ordinated strategy is also being prepared for an early payment of dues in respect of development and local government bodies.
Source: Business Recorder
Date:4/25/2002