Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Supergirl trailer Milly Alcock
    EntertainmentVideos

    DC Releases First ‘Supergirl’ Trailer Starring Milly Alcock

    December 12, 2025 2 Min Read
    Hunger Games Sunrise on the Reaping trailer
    EntertainmentVideos

    Hunger Games Prequel Trailer Sparks Fan Frenzy Over 10-Second Silent Cliffhanger

    November 21, 2025 3 Min Read
    Billie Eilish Elon Musk
    EntertainmentVideos

    Billie Eilish Criticizes Elon Musk, Calls Billionaire Wealth “Pathetic”

    November 14, 2025 3 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

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

NADRA CNIC collection advisory

NADRA Issues CNIC Collection Warning, Introduces Digital Biometric Options

F1 Portimao return Portugal

F1 to Return to Portimao for Portuguese Grand Prix in 2027 and 2028

FIA anti-money laundering directorates

IA Establishes New Directorates to Strengthen Fight Against Financial Crime

Post Archives

More Popular from Photonews

Myanmar Hospital Airstrike
Top NewsWorld

Hospital Strike in Myanmar Kills at Least 30, Rebel Group Says

3 Min Read
Tesla Starlink Internet Integration
Tech

Tesla Patent Hints at Starlink Internet Integration for Future Vehicles

2 Min Read
Trump Army-Navy coin toss
Offbeat

Trump’s Unconventional Coin Toss at Army-Navy Game Goes Viral

3 Min Read
Top NewsWorld

USCIS Tightens Photo Rules for Immigration Applications to Curb Identity Fraud

The US Citizenship and Immigration Services (USCIS) has introduced stricter rules for photographs used in immigration…

December 14, 2025
Pakistan

FBR to Reassess Islamabad Property Valuations After Real Estate Objection

The Federal Board of Revenue has decided to re-evaluate the fair market values of immovable properties…

December 16, 2025
Pakistan

Faisal Vawda Claims Former ISI Chief Faiz Hamid to Testify Against Imran Khan

Senator Faisal Vawda claimed on a national television program that former spy chief Faiz Hamid plans…

December 12, 2025
Tech

Instagram Launches “Your Algorithm” Feature to Customize Your Reels Feed

Instagram’s most popular feature, Reels, can also be one of its most overwhelming. Users often find…

December 11, 2025
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

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?