Increase artists’ endowment fund: president Alvi

By Staff Reporter
Thursday – May 14, 2020
ISLAMABAD: The president Arif Alvi chaired, Wednesday, the 10th meeting of steering committee for the federal government artists welfare fund (FGAWF) to provide financial assistance to the artists who are in impoverished position and facing health problems.

According to an official statement, the meeting discussed various proposals to help out the extremely deserving and needy artists of the country.

The meeting noted that the existing Rs 250 million fund for the welfare of the artists was insufficient to cater to their needs in view of their increasing number and fragile financial condition.

In order to provide financial support to them, it was proposed to enhance the endowment fund from the current Rs. 250 million to one billion rupees.

The meeting decided to collect a comprehensive data of all artists from across the country and directed information and broadcasting (Info-B) ministry to furnish it in a period of one month.

The meeting approved the disbursement of Rs 10 million to be distributed among the needy artists of the country who had requested for financial assistance.

It was agreed to grant financial assistance to the widow of an artist for a period of one year after the death of her husband.

The steering committee also ratified the investment of Rs 200 million as seed money by the cabinet division of FGAWF in the National Bank of Pakistan (NBP), main branch, civic centre in the federal capital.

It is to be mentioned here that a fund titled FGAWF with seed money of Rs 250 million was created in 2011.

The fund is managed by the steering committee comprising of official and non-official members with the president of Islamic Republic of Pakistan as chairman.

The meeting was attended by secretary to the president Tariq Najeeb Najmi, special secretary Safdar Sohail, cabinet division Akbar Hussain Durrani, Info-B secretary Arshad Mehmood, additional finance secretary as official members and Misbah Khalid as non-official member.

Whereas from Khyber Pakhtunkhwa (KP) Abaseen Yousafzai, from Sindh Sultan Ali Allana, from Sindh Khalid Anum, from Punjab Adeel Hashmi, Roshan Khursheed Bharucha participated in the meeting through video conference as non-official members.