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Punjab to assess car monetisation

LAHORE, Jan 27: The Punjab government is starting assessment of the impact of compulsory car monetisation policy for its officers in BS-20 and above, and the provincial cabinet members.

The policy was introduced by the federal government for its senior officers last year, saving billions of rupees being spent on purchasing and maintaining official cars and paying drivers’ salaries.

Sources informed Dawn on Sunday the government was beginning an exercise to assess the financial and other impacts of the monetisation policy.

If approved, the monetisation policy would allow all officers in BS-20 and above and cabinet ministers to purchase their existing official cars at depreciated price that would be recoverable in easy installments.

The officers and the cabinet members would instead be given transport allowance as per their entitlement, also disallowing them to use any other official car of their departments or any project associated with them.