ISLAMABAD: Ministry of Finance has directed all Ministries/Divisions and Departments to identify all vacant/vacant posts (vacant/falling vacant for more than three years) as per Financial Management and Powers of PAOs Regulations 2021. And need to finish.
No new post shall be created in Divisions, Departments, Subordinate Offices, Organizations and Institutions without the prior approval of the Finance Division.
According to a circular issued by the Finance Division, it has sought details of Employee Related Expenses (ERE) from all Ministries and Divisions. The ministry further clarified that all the concerned ministries have to fill the form and only those claiming ERE will be accepted unless supported with the details of the posts.
It may be ensured that the total number of posts appearing in Form-X is equal to that of BO/NIS forms. The form will be validated by Expenditure Wing, Finance Division.
All Divisions/Departments/Sub Offices/Organizations/Institutions are required to submit copies of approval letters with the approving authority.
The Finance Division issues a quarterly strategy for the release of funds every financial year. 2. PAOs shall prepare quarterly fund requirement plan within the allocated budget. 3. The Finance Division will consider the Quarterly Requirement Plans submitted by the PAOs for preparing the budget release strategy for the financial year 2025-26.
Each PAO needs to allocate adequate funds for operation and maintenance of physical infrastructure/assets. 2. PAOs shall ensure that the maximum possible return is obtained on each asset under their supervision.
Foreign exchange (FE) budgeting aims to provide a fair estimate of emissions to streamline the release process. 1. All Ministries/Divisions/Attached Departments/Subordinate Offices/Autonomous Bodies and Semi-Autonomous Bodies/PSEs of the Federal Government as well as Provincial Governments are required to provide FE Budget Estimates for FY2025-26 on the prescribed formats, (FEB Forms). XVI)-XXI).
Its soft copy can be emailed to so.efcivil@finance.gov.pk latest by 07 May 2025. FY2024-25) to be prepared on a quarterly basis at the exchange rate in Pak Rupees as notified by the Finance Division in the FE budget request with justification/purpose and item wise details of exact amount and date of requirement in foreign currency. should also be
No FE allocation/release shall be permitted without provision of equivalent Rs. 4. Prescribed FE Budget Forms (Forms XVI-XXI) should be filled separately for Development Expenditure and Current Expenditure.
Invisible expenses may include: delegations abroad, trainees sent abroad, salaries and related expenses of missions abroad, government donations, subscription fees, salaries of officers abroad on leave, legal fees, Demurrage charges, freight charges, payments to consultants/experts working on development projects, preparation of feasibility studies of development projects etc. while import costs may include imports. Machinery, equipment, raw materials, spare parts, etc
Request for FE allocation should be made only for development programmes/schemes included in the Public Sector Development Program (PSDP) and Annual Development Program (in provinces) after approval by the competent forum.
No lump sum supply should be proposed and details of all the items included in the demand should be given as per the prescribed formats by each organization/institution. No provision of foreign exchange expenditure should be proposed for import of goods available or manufactured in the country.
Provincial Finance Departments will coordinate the foreign exchange requirements for the entire province and verify that; The development schemes included in the estimates are approved by the competent authorities; And a cover of Rs.