Skip to content
Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Fire Point co-owner Denys Shtilerman speaks during an interview with journalist Alesia Batsman.
    Videos

    Ukraine Nuclear Weapons Claim Made By Fire Point Co-Owner

    June 5, 2026 2 Min Read
    Emilia Clarke Game Of Thrones with interview Variety
    EntertainmentVideos

    Emilia Clarke Denies $300,000 Game Of Thrones Pay Claim

    May 30, 2026 1 Min Read
    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
  • 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

Anmol Pinky drug case court update shows Karachi police report declaring seven more suspects absconders

Anmol Pinky Drug Case: 7 More Suspects Declared Absconders

Dr Mahnoor Nasir treatment update shows Karachi hospital care after the Quetta acid attack.

Dr Mahnoor Nasir Undergoes Minor Grafting In Karachi

Salary tax relief proposals for Pakistan budget 2026-27 show revised income tax slabs for salaried earners.

Salary Tax Relief Proposed For Rs3.6m Earners

Post Archives

More Popular from Photonews

Saint Laurent women’s high-heel shoes on display inside the Dubai Mall in Dubai.
Business

Luxury Sector Recovery Pushes Brands Back To Basics

2 Min Read
A burning vehicle sends flames and smoke into the night sky after a reported Russian strike in Konotop.
World

Konotop Russian Strike Injures Five, Including Children

1 Min Read
Police vehicles and crowds gather near CMH Rawalakot after a banned JAAC attack killed five security personnel and injured more than 20 people.
Azad Jammu Kashmir

Rawalakot Police Attack Kills 4 Security Personnel

2 Min Read
Balochistan

Balochistan Highway Toilets Petition Filed In Court

Three women have petitioned the Balochistan High Court over missing Balochistan highway toilets, saying unsafe travel…

June 3, 2026
Videos

Ukraine Nuclear Weapons Claim Made By Fire Point Co-Owner

Fire Point co-owner Denys Shtilerman claimed Ukraine could develop nuclear weapons if the country’s leaders made…

June 5, 2026
Tech

Instagram Profile Grid Can Now Be Reordered By Users

Instagram profile grid reordering is now available, allowing users to move photos and videos on their…

June 9, 2026
World

Karbala Muharram Preparations Begin At Hazrat Abbas’s Shrine

Karbala, Iraq: Muharram Karbala preparations began with the installation of the symbolic Fadhiliyah Tent of Grief…

June 9, 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?