Government of Khyber Pakhtunkhwa, Finance Department has issued the official Notification letter on 3rd February, 2020 in connection with advance sanction for ADP funds 2019-20.
I am directed to refer to your letter NO.SO(Power-I)/E&P/1-6/ADP/2016-17/Vol-IV dated 24.12.2019 on the subject noted above and to convey concurrence of the Finance department for opening of designated Bank Accounts (PLS mode) in ABL Tower Branch, Hayatabad Peshawar with cosignatory with the following title for execution of Solar Projects for receipts of ADP funds and to avoid delay: –
The aforementioned bank accounts will be operated exclusively for the particular purpose for which it is meant and neither for any other transaction nor to be construed as permission for advance drawls from it.
The amounts will be spent from the said accounts for the purpose for which it is meant subject to observing all codal formalities. Moreover, the department/office concerned will be responsible for proper maintenance of accounts and simultaneously to get the said accounts audited as per applicable laws.
Moreover, the bank accounts that opened without prior approval of Finance Department stand closed forthwith and the available balances be transferred to the above new bank accounts.
