LAHORE - Punjab Minister for Finance, Planning and Development Tanvir Ashraf Kaira has said that Punjab Government has started to return loan of State Bank and in this connection Rs9 billion has been paid, while the rest of the outstanding amount would also be returned in monthly instalments. Talking to a delegation of MPAs on Sunday, the minister said Punjab Government has converted its overdraft into loan by taking State Bank facility and this loan will be paid within four years. He said instalments of loans are being paid regularly and so far Rs9 billion has been paid. He said the fiscal position of the province is very sound and we are trying to reduce the non-development expenditures of the government on war-footing. The minister said there is no cut in development expenditures but on other hand a committee is working to slash non-development expenditures. The minister said the State Bank has fixed the limit of overdraft of Punjab upto Rs27 billions and we are working within our limit. The minister said various proposals are under consideration to enhance the tax net in new budget because it is imperative to allocate more funds for the welfare of people. Clarification A spokesman for the Government College University Lahore has clarified that the rule of minimum 75 per cent mandatory attendance for intermediate students is enacted and regulated by the Board of Intermediate and Secondary Education (BISE). The Board rules also state that an admission form once submitted may be withdrawn if the attendances of a candidate run short of the required percentage, which is minimum 75 percent of the total delivered lectures. The Board rule was also misrepresented as university rule. The spokesman said it is the BISE rule and if the Board relaxes or changes any rule for intermediate students, the university will also implement it.