LAHORE - The Punjab Assembly on Wednesday unanimously passed two bills including University of Wah bill 2009 and Punjab general provident investment fund bill 2009 as the Opposition did not oppose these moves. Punjab Law Minister Rana Sana Ullah moved the University of Wah bill 2009, as recommended by Standing Committee on Education. The minister also moved the Punjab general provident investment fund bill 2009 that was also passed unanimously. During the discussion, PML (Q) MPA Mohsin Leghari said that the Opposition had supported the move, as it was a good step in favour of new generation and retired employees. According to the statement of objects and reasons, the Pakistan Ordinance Factories, POFs Welfare Trust, Wah Cantt, had applied to the Punjab government for the grant of charter/degree awarding status to the University of Wah, located at Wah Cantt, in November 2003. In July 2005, the government granted NOC for the establishment of university in the private sector. The POFs Welfare Trust established a university over hundred kanals of land transferred to it, free of cost, by the POF Board of Wah Cantt. After studying the feasibility report of the proposed University of Wah, the education department referred the case to the Accreditation Committee of the Punjab government to determine as to whether the feasibility report is in accordance with the norms and criteria for the establishment of a university in the private sector. The Accreditation Committee held number of meetings with the sponsors of the university Wah and also visited it in order to physically verify its infrastructure and facilities. After thorough deliberations and detailed scrutiny of the case, the Accreditation Committee recommended grant of charter to the University of Wah in specified discipline. However, the faculty of health sciences was though recommended by the Accreditation Committee, but as per the general policy of the government to affiliate medical colleges only to the University of Health Sciences; this faculty has been omitted from the proposed charter. The existing Wah MedicaI College will remain affiliated to the University of Health Sciences and shall not be part of the University of Wah. All pre-conditions for the grant of charter to the University of Wah having been fulfilled, the Punjab government has decided to initiate this bill allowing the university to grant/award degrees, diplomas and certificates to its students. Meanwhile, according to the statement of objectives and reasons of the general provident investment fund, the current financial liability of the government on account of the general provident fund is approximately Rs 4 billion per annum. This liability is likely to increase in coming years and there is a necessity for generation of revenues through the investment of the general provident fund in a professional and organised manner. The revenues earned through such investment will ultimately make this liability of the government as off-budget obligation. This will also create the necessary fiscal space for investment in social sectors as per the development priorities of the government. There will be minimum extra expenditures for the purposes of undertaking the proposed investment of the general provident fund as the general manager of the Punjab pension fund shall also act as the general manager of the general provident investment fund, which is proposed and to be established through this bill. Moreover, the management committee of the Punjab pension fund shall also perform functions and exercise powers as the management committee of the proposed general provident investment fund.