Get the latest Finance Department notifications covering budget allocations, economic policies, and financial assistance programs. Vocal Pakistan offers timely insights for a clear view of fiscal matters that affect employees and departments alike.
Government of PakistanFinance Division(Expenditure Wing) No. 7(1)Exp-IV/2024 Islamabad, the 4th September, 2024 Subject: AUSTERITY MEASURES FOR CONTROLLING EXPENDITURES OF FEDERAL GOVERNMENT. In pursuance of the Cabinet’s decision for case No. 232/28/2024 dated 27.8.2024, the following Austerity Measures are notified till further orders:- Section Officer (Exp-IV)
NO.FD(L)1-249/81-82(Part-I)GOVERNMENT OF THE PUNJABFINANCE DEPARTMENT Dated Lahore September 04, 2024 From: The Secretary, Government of the Punjab, Finance Department, Lahore SUBJECT: RATE OF MARK-UP ON STATE PROVIDENT FUND i.e. GENERAL PROVIDENT FUND FOR THE FISCAL YEAR 2023-2024 I am directed to refer to this department’s letter of even number dated July 11, 2023 on the subject cited above and to state that it has been decided that a profit rate of 13.97% per annum shall apply during the financial year 2023-2024 to the State Provident Fund i.e. General Provident Fund. This rate, however, shall not apply in the case of subscribers who are entitled, under the rules of a particular fund, to a different rate of interest. DEPUTY SECRETARY (RES & ADMN)
No. FD/Admn-I 6(3)/2024 GOVERNMENT OF SINDHFINANCE DEPARTMENT Karachi, dated the 30th August, 2024 CIRCULAR It is observed with sheer concern that consumption of gutka/manpuri is being made by some of the employees of the Finance Department within the office premises, which is a serious violation of office decorum and discipline. 2.        Effective immediately, the consumption of gutka/manpuri, or any similar substances within the office including common areas and workspaces, is strictly prohibited/banned without any kind of relaxation. 3.          All employees are therefore, strictly directed to comply with the instructions to regain the desired standards of cleanliness and hygiene in the premises of Finance Department and the cases of such delinquent employee(s) will be processed under E&D rules -1973. SPECIAL FINANCE SECRETARY (SR/ADMN)
GOVERNMENT OF THE PUNJABFINANCE DEPARTMENT Dated Lahore the 2nd September, 2024 NOTIFICATION No. FD (FR) II-2/89-Pt-I.  In exercise of the powers conferred under Section 48 of the Punjab Public Financial Management Act, 2022 (XXXVII of 2022), Governor of the Punjab is pleased to make the following amendments in the Punjab Delegation of Financial Powers Rules, 2016, with immediate effect AMENDMENTS In the Punjab Delegation of Financial Powers Rules 2016, in the Second Schedule, in Part-I, in Sr. No. 8 “Unto Rs.800.000 million. Upto Rs.400.000 million – Provincial Government Schemes Upto Rs 100.000 million – District Government Schemes’; and (c) after Note-3, the following shall be inserted: “Note 4: (i) The composition of District Development Committee (DDC) shall be as under: Deputy Commissioner Chairman Additional Deputy Commissioner (Finance & Planning) Member Executive Engineer C&W Department Member Executive Engineer Irrigation Department Member District head of concerned Department Member Deputy Director (Development), P&D Department Member/Secretary (ii) The District Development Committee (DDC) shall have power to approve development projects upto the value of Rs 100.000 million funded by the Provincial Government pertaining to:- EducationPrimary & Secondary HealthcarePublic HealthWater Supply, Sewerage & SanitationRoads / Farm to MarketPublic BuildingsAny other Sector / Programme, assigned by the Government SECRETARY GOVERNMENT OF THE PUNJAB FINANCE DEPARTMENT
No.F.9(3)-Reg.6/2015Government of PakistanFinance Division (Regulations Wing) Islamabad, the 20th August 2024 OFFICE MEMORANDUM Subject:- INTRODUCTION OF CONTRIBUTORY PENSION FUND SCHEME FOR THE NEW ENTRANTS. The undersigned is directed to refer to the subject noted above and to state that in pursuance of Cabinet Decision in case No ECC-134/13/2024 dated 27.06 .2024 Federal Government has decided that in future. Contributory Pension Fund Scheme shall be introduced for all the Civil Employees of the Federal Government including Civilian paid from Defence Estimates who are appointed on regular basis on or after 01.07.2024. This scheme shall also be applicable to the Armed Forces who are appointed on regular basis on or after 01.07.2025. 2.        The rate of contribution from the employees and the Federal Government as under; (I) Contribution @ 10% of the Basic Pay by the employees (ii) Contribution @ 20% of the Basic Pay of the employees by the Federal Government. 3 . This rate of contribution is purely provisional and subject to change. 4. This O.M. may be adopted in true letter and spirit. Section Officer (Reg.6) ALL MINISTRIES/DIVISIONS/DEPARTMENTS:
Government of PakistanFinance Division(Regulations Wing) F. No. 1(2)R-5/2022 Islamabad, the 27th August, 2024 OFFICE MEMORANDUM Subject: REVISION OF SPECIAL ALLOWANCE GRANTED TO THE CIVIL EMPLOYEES OF THE FEDERAL GOVERNMENT. The undersigned is directed to refer to the subject cited above and to state that the President has been pleased to enhance with effect from 1st July, 2024 and till further orders, minimum wage/ gross salary from Rs.32,000/- to Rs.37,000/- to all the Civil Employees of the Federal Government as well as the civilians paid from Defence estimates including contingent paid staff and contract employees against civil posts in Basic Pay Scales on standard terms and conditions of contract employment. Those whose gross salary is less then Rs.37,000/- shall be allowed the difference as Special Allowance. 2. The amount of Special Allowance:  3.        The above Special Allowance/ increase in minimum wage shall be accommodated from within the budgetary allocation for the year 2024-2025 by the respective Ministries/ Divisions/ Departments and no supplementary grants would be given on this account. Section Officer (R-5)
Government of PakistanFinance Division(Regulations Wing) No. F. 6(1)Reg-7/2014-205 Islamabad, the 28th August, 2024OFFICE MEMORANDUM Subject: PAYMENT OF PENSIONS IN FOREIGN EXCHANGE TO THOSE WHO ARE RESIDING ABROAD Instances have been reported to Finance Division that a number of pensioners, who are residing abroad, are drawing/trying to draw their pensions in foreign exchange. The situation relating to current account balance of the country does not permit the Federal government to allow pensioners residing abroad to draw pension in foreign exchange. Further, in view of the digitization and worldwide accessibility of the banking channel, there would be no need for . such permission. 2. In this regard, it is stated that Section IV of Chapter XLVIII of the Civil Service Regulations (CSR 966 — CSR 973) allows the grant of pension in foreign are residing abroad after retirement. Finance Division, vide O.M No. F. 1(10)EF(B.II)/79-2340 dated 17-11-1980 laid down procedure to be adopted for payment of pension in Foreign Exchange through Pakistani Mission Abroad. 3. Finance Division is of the definite view that these provisions are meant for those pensioners, who have been appointed before 2nd January, 1959 and the pensioners appointed on or after 2nd January, 1959 are not entitled to draw their pension in Foreign Exchange. 4. It is accordingly advised to ensure that no pensioners, who have been appointed or_or after 2nd January, 1959 be allowed to draw pension in foreign exchange. This O.M may be give wise-publicity. Section Office (R-7)
No.F.8( 1 )GS-I/2018-495 Government of Pakistan Finance Division(Budget Wing) Islamabad, the 29th August, 2024 SUBJECT: RATE OF MARK-UP ON STATE PROVIDENT FUND i.e. GENERAL PROVIDENT FUND FOR THE FISCAL YEAR 2023-2024 Dear Sir, I am directed to convey that the rate of mark-up on State Provident Fund, i.e. General Provident Fund (GP Fund) for the fiscal year 2023-2024 is as under: – Fiscal Year Rate of Mark-up 2021-2022 12.40% 2022-2023 14.12% 2023-2024 13.97% Yours truly, Mr. Fahad AhmedDeputy Secretary (TCM)
Government of PakistanFinance Division(Regulations Wing) F.No. 9(7)R-I/2014-233/2022 Islamabad, the 28th May, 2022 OFFICE MEMORANDUM Subject: – POLICY FOR GRANT OF TIME SCALE TO CIVIL SERVANTS TO BPS-1_TO BPS-16 OF ALL CIVIL SERVANTS OF THE FEDERAL GOVERNMENT. The undersigned is directed to convey that the Prime Minister has been pleased to accord approval to the grant of higher time scale to BPS-1 to BPS-16 to all Civil Servants of the Federal Government thrice during entire service as per following pattern:- 2. Time Scale will be admissible subject to following conditions: Section Officer(R-I)
Government of PakistanFinance Division(Regulation Wing) F. No. 9(63)R-l/2016-167 Islamabad, the 31st March, 2021 OFFICE MEMORANDUM SUBJECT: GRANT OF TIME SCALE TO PRIVATE SECRETARY (BPS-17) IN FEDERAL MINISTRIES/DIVISIONS/DEPARTMENTS The undersigned is directed to state that Prime Minister has been pleased to approve following revised conditions/criteria for grant of Time Scale to Private Secretary (BS-17) with immediate effect: i. A Private Secretary (BS-17) will be granted time scale BS-18 after putting in 5 years service in BS-17. The Private Secretary (time scale BS-18) will further be granted time scale BS-19 on completion of 12 years service in BS-17 and above. However, on grant of BS-19 time scale nomenclature of the post will be Senior Private Secretary. ii. In the light of approved revised conditions, benefit of Establishment Division’s OM. No. 1/9/80-R-2 dated 02.06.1983 will not be admissible to Private Secretary(BS-17) for grant of Time Scale BS-18 and BS-19. 2.      Finance Division’s O.M. No. 19(55)Legal-II/2010-1055 dated 23.12.2011 shall stand amended to the extent of Private Secretary. Section Officer (R-2) All Ministries/Divisions With the request to circulate it to their Attached Departments, SubÂordinate Offices and all other organizations working under their administrative control which have adopted Finance Division’s O.M. No. 19(55)Legal-11/2010Â1055 dated 23-12-2011. Accountant General of Pakistan Revenues With the request to fix pay for those cases only which fulfill approved/revised conditions.
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