Punjab May Shut Down Health Foundation After 34 Years
In practice, the Punjab administration is considering shutting down the Punjab Health Foundation (PHF) after 34 years.
In practice, the Punjab administration is considering shutting down the Punjab Health Foundation (PHF) after 34 years.
Article outline
- What happened
- Official response
- What comes next
- The details
- The bottom line
Key points
- Punjab Health Foundation was created under the Punjab Health Foundation Act, 1992.
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- Over the years, PHF has supported establish around 2, 100 healthcare centres throughout Punjab.
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- 2.5 billion in interest-free loans to over 2, 100 doctors.
As part of the review, the Finance Department has asked PHF to provide complete details of its finances, assets, liabilities, staff, and outstanding loans.
PHF has provided more than Rs. 2.5 billion in interest-free loans to over 2, 100 doctors. Reports say the foundation has additionally managed its operational expenses without administration funding. Punjab Approves Rs. 7.73 Billion for Rehabilitation of Historic Fort.
Its bank account at present holds around Rs. 1.328 billion. The foundation additionally has a loan recovery rate of 98 percent, according to the noted figures.
Over the years, PHF has supported establish around 2, 100 healthcare centres throughout Punjab. These facilities created regarding 10, 000 jobs.
In practice, the foundation has additionally distributed more than Rs. 4.4 billion in stipends. It at present manages online systems for stipends and interest-free loans for healthcare professionals.
Notably, a Punjab Health Department spokesperson remarked the feasible closure is being considered under the government's austerity measures.
Authorities are additionally reviewing intends to move PHF employees and funds to other institutions. Nevertheless, authorities have not produced a final decision yet. Punjab Introduces Mobile Police Stations With 14 Services.
According to the spokesperson, the administration will take the final decision after consultation with the relevant office-holders.
Punjab Health Foundation was created under the Punjab Health Foundation Act, 1992. Its main role includes providing financial backing to doctors and healthcare institutions to improve private healthcare services in the province. Stay Connected with ProPakistani. Obtain the latest news and stories wherever you prefer. Follow on Google Discover.
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In short, punjab May Shut Down Health Foundation After 34 Years is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
