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PSDP: FD yet to notify strategy for release of funds

ISLAMABAD: Finance Division is yet to notify strategy for release of funds with regard to PSDP, interest payment,.

Office memorandumDivision onEconomic affairs divisionExpenditure wing of the finance divisionDivision forWings of finance divisionDivision demand for grantHead of department or officeForeign exchange component rupee coverDivision expenditure wingForeign exchangeMinistries divisions organizationNational assemblyForeign exchange paymentsWing of finance divisionFinance division

Investment or deposit: Transfer of public moneys to other bank accounts banned

ISLAMABAD: The Ministry of Finance (MoF) has imposed a ban on transfer of public moneys for investment or deposit.

Awais manzur sumraPrime ministerNational assemblyMinistry of finance moPublic account of the federationPublic account of federationWing of the finance divisionSpecial secretary financeState bankFederal governmentFederal consolidated fundAuthorized expenderSupplementary grantsPublic finance management actPublic accountFinance division

Guidelines issued to regulate foreign exchange payments

ISLAMABAD: The government has bound all ministries and divisions to seek permission from External Finance Wing of the Ministry of Finance for all commitments involving foreign exchange for payment.

National assemblyPublic account of the federationPublic account of federationWing of the finance divisionExternal finance wingFinance divisionFederal consolidated fundUnauthorised expenditurePublic finance management actPublic accountSupplementary grantTechnical supplementary grantPrincipal accounting officersFunds release strategyCommitment control guidelinesFinancial management

Govt issues fresh guidelines to regulate forex payments

All ministries, divisions bound to seek permission from Finance Ministry s EFW for all foreign exchange commitments

Public account of federationWing of the finance divisionPublic account of the federationNational assemblyInternational monetary fundPublic finance management actExternal finance wingFinance divisionFederal consolidated fundUnauthorised expenditurePublic accountSupplementary grantTechnical supplementary grantPrincipal accounting officersFunds release strategyCommitment control guidelines

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