Skip to content
Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Sam Fender Olivia Dean break UK chart record with Rein Me In after 16 weeks at No. 1.
    Videos

    Sam Fender, Olivia Dean Break 30-Year UK Chart Record

    July 12, 2026 2 Min Read
    Angry Birds Movie 3 trailer by Paramount animated sequel before December 2026 release
    Videos

    Angry Birds Movie 3 Trailer Sets Dec 23 Release

    June 30, 2026 1 Min Read
    Olivia Wilde Trailer Gregg Araki Thriller I Want Your Sex Trailer Shows Olivia
    Videos

    Olivia Wilde Trailer Shows Gregg Araki Thriller I Want Your Sex Trailer Shows Olivia

    June 11, 2026 1 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

Nigerian Army troops carrying out a security operation in Zamfara.

Nigeria Bandits Killed in Zamfara Operation, State Says

Rescue 1122 personnel transporting the body of University of Sahiwal student Aiman.

Sahiwal Student Suicide Case Registered Against Husband

Karakoram Highway winding through rocky mountains in northern Pakistan.

Karakoram Highway Closed as Diamer Floods Strand Tourists

Post Archives

More Popular from Photonews

Tobey Maguire Spider-Man Costume
Entertainment

Kevin Feige Says Spider-Man Film Links to Avengers

1 Min Read
a police station attack in Bannu, Khyber Pakhtunkhwa.
Balochistan

Washuk Workers Killed as Gunmen Attack Mashkail Shops

2 Min Read
The Higher Education Commission logo appears on a blue panel beside a faint open-book graphic on a purple background.
Pakistan

HEC Illegal Institution Warning Issued for Hafizabad Institute

1 Min Read
Top NewsWorld

New York Times Subpoenas Follow Air Force One Report

WASHINGTON: New York Times subpoenas were issued to several journalists after the paper reported on alleged…

July 12, 2026
Tech

Meta Muse Image Rolls Out With Instagram Privacy Opt-Out

Meta Platforms Inc. rolled out Meta Muse Image on July 7, 2026, bringing its in-house AI…

July 11, 2026
Sports

Egypt FIFA Complaint Seeks Referee Removal After Argentina Loss

Egypt's FIFA complaint proceedings began on Wednesday after the Egyptian Football Federation asked FIFA to investigate…

July 9, 2026
Entertainment

Taylor Swift Wedding Permit Cost Tops $160,000

Singer Taylor Swift paid more than $160,000 for a New York City permit for her wedding…

July 11, 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?