Asset Management Policy: Optimal use of resources assured

PESHAWAR: Adviser to Chief Minister on Finance Muzammil Aslam has reiterated the government’s commitment to ensure the implementation of Fixed Asset Management Policy 2024 to enhance financial prudence and optimize resource allocation.

He said that this policy would help improve service delivery across health and education sectors in Khyber Pakhtunkhwa. He highlighted that substantial amounts were spent annually on repairs, maintenance, and the creation of new assets, therefore, a systematic approach was essential to ensure these investments were optimally utilized.

An official handout said that he was speaking at the Finance Department’s one-day consultation workshop to start implementing the Fixed Asset Management Policy 2024 in Health, Elementary and Secondary Education Departments.

The policy was recently approved by the provincial government to ensure effective management and utilization of fixed assets to improve service delivery.This policy is a significant move towards ensuring transparency, efficiency, and fiscal responsibility in managing public assets.

Special Secretary Regulation Abdullah Kakakhel, Additional Secretary Finance Gul Bano, Financial Consultant Waqas Paracha and officials of the Health, Elementary and Secondary Education and Planning and Development attended the workshop.

The workshop brought together key stakeholders from the Health Department, Elementary and Secondary Education Department, Planning and Development Department and Finance Department.

Muzammil Aslam said that the government would spare no effort to ensure the optimal use of investments in public assets.The participants in the workshop engaged in in-depth discussions on the implementation challenges of the policy and provided valuable insights on strategies to overcome these challenges.