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Organisational Divisions: Finance

The Finance Division is the most elite bureaucratic division under Pakistan's Finance Ministry. It is divided into several wings that handle functions like budget preparation, economic policy, expenditure, financing from international institutions, and procurement for the military. The Finance Division also oversees specialized sub-departments such as the Auditor General, Controller General of Accounts, and organizations related to debt, savings, and minting.

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63 views2 pages

Organisational Divisions: Finance

The Finance Division is the most elite bureaucratic division under Pakistan's Finance Ministry. It is divided into several wings that handle functions like budget preparation, economic policy, expenditure, financing from international institutions, and procurement for the military. The Finance Division also oversees specialized sub-departments such as the Auditor General, Controller General of Accounts, and organizations related to debt, savings, and minting.

Uploaded by

Masroor Qadir
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© © All Rights Reserved
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Organisational divisions[edit]

Finance[edit]
The Finance Division (FD) is the most elite bureaucratic division under the Finance Ministry's
purview. The FD comes under the supervision of the Secretary of Finance, an office held by Dr
Waqar Masood Khan as of 2014.
The division's bureaucracy is divided into several wings and units as listed below:

Human Resource Management (HRM) Wing: Basic functions include the official business
management of the organisation through the provision of effective human resource. The wing
also provides logistic support to various other units of the organisation.[2]

Budget Wing: Basic functions include the coordination, preparation, printing and publishing
of fiscal budgets and related documents for the federal government. The wing is also
responsible for the implementation of the budgetary targets and preparing monthly reports
thereon.[3]

Corporate Finance Wing: Basic functions include looking after the economic, financial, and
corporate affairs of all Public Sector Entities (PSEs) that work under the administrative control of
various federal ministries and their divisions.[4]

Economic Adviser's (EA) Wing: Basic functions include the publication of the Economic
Survey of Pakistan, both in Urdu and English, prior to the announcement of the federal budget.
The budgetary supplement evaluates the overall economic performance of the country based on
various economic factors as evident in the preceding fiscal year's data. [5]

Expenditure Wing: Basic functions include the revision and finalisation of the federal budget,
enforcement of economic measures and disbursements of pension funds. [6]

External Finance (EF) Wing: Basic functions include the arrangement of financing from
international financial institutions for balance of payments and budgetary support. The EF wing
also allocates and utilises the foreign exchange and releases and maintains the funds for both
civil departments and the armed forces.[7]

External Finance Policy (EFP) Wing: Basic functions include the compilation of the Pakistan
government's principal policy for macroeconomic governance and poverty reduction. The EFP
wing also deals with multilateral and bilateral institutions like the World Bank, Department for
International Development (DFID), Citizens Damage Compensation Programme

(CDCP), SAARC Development Fund (SDF), ECO Trade and Development Bank, United Nations
Development Programme (UNDP), Strengthening Poverty Reduction Strategy Monitoring
Project (SPRSMP), Pakistan One UN Programme and the Joint Ministerial Commissions
(JMCs/JECs).[8]

Economic Reforms Unit (ERU): Basic functions include the formulation of development
strategies for the private sector and reviewing law, rules and regulations, pertaining to business
environment that are obsolete, overlapping and inconsistent or unduly add to the cost of doing
business.[9]

Military Wing: Basic functions include procurement of all defence equipment for the Ministry
of Defence (MoD) and the Ministry of Defence Production (MoDP). The wing also prepares,
executes and monitors the budget and expenditure of the armed forces, MoD, MoDP, interservices organisations and defence production establishments.[10]

Development Wing

Internal Finance Wing

Investment Wing

Provincial Finance Wing

Regulations Wing

The FD also delegates its functions to specialised sub-departments within the division, which include
the following:

Office of the Auditor General (AG)

Office of the Controller General of Accounts (CGA)

Central Directorate of National Savings (CDNS)

Debt Policy Coordination Office (DPCO)

Pakistan Mint

Federal Treasury Offices

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