Skip to content
Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Shakira Dai Dai's Song For World Cup 2026
    Videos

    Shakira Dai Dai Song Released For World Cup 2026

    May 24, 2026 2 Min Read
    Dua Lipa Live From Mexico on YouTube
    Videos

    Dua Lipa Live From Mexico Film Arrives on YouTube

    May 22, 2026 1 Min Read
    Shakira 2026 World Cup anthem
    Videos

    Shakira 2026 World Cup Anthem “Dai Dai” Featuring Burna Boy Unveiled

    May 8, 2026 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Stricter Fiscal Measures Introduced by Caretaker Government
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
: "Caretaker Government Fiscal Policy 2023"
PhotoNews Pakistan > Pakistan > Stricter Fiscal Measures Introduced by Caretaker Government
Pakistan

Stricter Fiscal Measures Introduced by Caretaker Government

Web Desk
By Web Desk Published August 28, 2023 3 Min Read
Share
SHARE

The caretaker government has introduced stringent fiscal measures, explicitly barring supplementary grants unless faced with major natural disasters. This policy will remain until the inauguration of an elected government.

In a directive, the Ministry of Finance stated to all concerned departments: “No Supplementary Grants exceeding the parliamentary-approved level for FY24 will be sanctioned, ensuring adherence to the prescribed budget allocation. The only exception will be in response to significant natural disasters.”

However, even in cases of natural disasters, supplementary grants will only be contemplated if there are no means for fund reallocation. The grant will only be pursued if the department’s chief accounting officer confirms having explored all possible avenues. Furthermore, such claims need authentication from the pertinent accounting organization.

For a supplementary grant to be deliberated upon, the chief accounting officer must give a strong justification and sound reasons. The finance ministry’s expenditure department should second these justifications.

Process for Technical Supplementary Grants

On the matter of technical supplementary grants, the procedure is as follows:

  1. Only the chief accounting officers can request funds, providing details of the sources and affirming the funds’ surrender.
  2. The expenditure division will meticulously evaluate these cases and present their findings to the budget division for assessment. Before sanctioning funds, this process will consider data process reports and available fiscal space.
  3. After this, the finance secretary will oversee these requests, culminating in the approval of the Economic Coordination Committee (ECC) and the cabinet.
  4. Upon federal cabinet sanctioning, the principal accounting officer will provide a detailed schedule backed by the expenditure division, including the ECC’s decision, cabinet ratification, and surrender order. This will be sent to the director of budget computerisation for entry into the SAP system, ensuring the finance ministry’s future releases align with available funds and the prescribed release strategy.

All departments have been informed that if the funds allotted for a specific service for the ongoing financial year prove inadequate or if there arises an unforeseen expense, the principal accounting officers must adhere to a stringent protocol for fund reallocation.

Furthermore, chief accounting officers have been endowed with additional funds for this fiscal year’s ad hoc relief allowance, which was introduced in the current year’s budget. They’ve been directed to reallocate funds in conjunction with the finance ministry specifically for the ad hoc relief allowance and to do so no later than August 31st.

TAGGED:FeaturedPak­istan
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Recent Posts

A graphic image shows an electricity meter with solar panels and energy-themed visuals representing gross metering in Pakistan.

Net Metering Connections Must Clear By June 1

A person holds a U.S. permanent resident card in front of the Statue of Liberty and an American flag.

US Green Card Policy Sends Applicants Abroad

A DeepSeek pricing graphic shows DeepSeek-V4-Pro with a 75% discount and updated API input and output prices.

DeepSeek V4-Pro Gets Permanent 75% Price Cut

Post Archives

More Popular from Photonews

A United Airlines plane sits on an airport runway under a clear sky.
Offbeat

United Airlines Flight Diverts After Door Incident

2 Min Read
A severely burned car sits in a driveway outside a fire-damaged building following a reported arson incident in Melbourne.
World

Melbourne Arson Attacks Bring 51 Arrests In Probe

1 Min Read
Ukrainian soldiers help an injured serviceman walk along a damaged road in a battlefield area.
Top NewsWorld

Ukraine Battlefield Gains Raise Pressure on Russia

2 Min Read
Pakistan

Hajj 2026 Helpline Numbers Issued For Pilgrims

Islamabad: The Ministry of Religious Affairs and Interfaith Harmony has issued Hajj 2026 helpline numbers for…

May 22, 2026
Sports

Pep Guardiola Exit Looms After Aston Villa Clash

Manchester City are preparing for a Pep Guardiola exit after Sunday’s Premier League match against Aston…

May 19, 2026
Top NewsWorld

Trump Iran Attack Pause Opens Door To Nuclear Deal

Trump's Iran attack plans were paused after Tehran sent a new peace proposal through Pakistan, U.S.…

May 19, 2026
Pakistan

Pakistan Saudi Deployment Sends 8,000 Troops, Jets To Riyadh

Pakistan has deployed about 8,000 troops, JF-17 fighter jets, and an air defence system to Saudi…

May 19, 2026
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

    Categories

    • World
    • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir

     

    • Top News
    • Business
    • Entertainment
    • Sports
    • Videos
    • Tech
    • Offbeat
    • Blog
    • About Us
    • Privacy Policy
    • Code of Ethics & Editorial Standards

    © 2026 Phototnews
    All Rights Reserved.

    Welcome Back!

    Sign in to your account

    Lost your password?