Tag Archives: Ministries

ISLAMABAD: In the run-up to the finalisation of the federal budget for 2024-25, the Ministry of Finance has asked all ministries, divisions, departments, and self-governing entities to surrender by May 15 the funds that they think cannot be utilised within the current fiscal year, ending June 30, 2024. Under the Public Finance Management Act (PFMA) of 2019, all entities established …

ISLAMABAD: The government on Friday asked all federal ministries, divisions and civil agencies to drastically cut their expenditures to divert maximum surplus funds to coronavirus-related fiscal requirements and social protection. Following a meeting on the next year’s budget, the finance ministry also hinted at adopting a plan “on further expenditure squeeze, rationalising all domains of current expenditure including running of …