Year Book 2017–2018 Government of Pakistan Finance Division Islamabad www.finance.gov.pk i PREFACE The Year Book 2017-18 outlines the actions by the Finance Division towards achieving its Mission Statement through structured activities of its various Wings and Sections. It is a regular feature in pursuance of Rule 25 of the Rules of Business, 1973. 2. The Year Book elaborates the state of governance apparatus of the Division and gives comprehensive description of the role and responsibilities of the entities working under it to achieve harmonized output and outcomes. The Year Book highlights the overall achievements of Finance Division apart from giving performance snapshots of its constituent Attached Departments and sub-ordinate Organizations in the domains of policy, strategy and operations. Finance Division, through committed leadership and dedicated team of professionals, has made best efforts to achieve the targets of sustainable and equitable economic growth including transparent and efficient management of public finances. 3. The Year Book 2017-18 gives a comprehensive overview of internal and external economic challenges for Pakistan and defines interventions to mitigate the risks and pursue the structural reforms agenda to augment the efficiency of the Federal Government entities. It focuses on endeavours which create value by achieving productive and allocative efficiency of financial resources. 4. I hope this Year Book will serve as a useful reference document for the concerned stakeholders, to have a better grasp of the priorities of the Government and its strategy to encounter challenges. Mohammad Younus Dagha Finance Secretary ii COMPILATION TEAM MR. KHALIL AHMAD CHAUDHRY Joint Secretary (HRM) (Head of Compilation Team) MR. MOHAMMAD FAYYAZ Deputy Secretary (Services) SYED BUNIAD HAIDER Section Officer (Doc/CSD) MR. SAJJAD ANWAR Asstt. Private Secretary(Doc) MR. IZHAR KHAN Assistant (Doc) Vetted by: MR. ZAILA HUSNAIN Deputy Economic Adviser iii CONTENTS Page No. Title Page i Preface ii Compilation Team iii Vision Statement 01 Mission Statement 02 Functions of Finance Division 03-04 Future Goals of Finance Division 05 Organizational Chart of the Finance Division 06 Human Resource Management (HRM) Wing 07-22 Financial Analyst 23-25 Cost Accounts Organization 26-29 F&A Wing 30-32 Budget Wing 33-50 Corporate Finance Wing 51-58 Development Wing 59-62 Economic Adviser’s Wing 63-68 Expenditure Wing 69-102 External Finance C&B Wing 103-105 External Finance Policy Wing 106-111 Finance Division (Military) 112-114 Internal Finance Wing 115-126 Investment Wing 127-167 Implementation and Economic Reforms Unit (IERU) 168-173 Provincial Finance Wing 174-182 Regulations Wing 183-189 Litigation Wing 190-197 Federal Treasury Islamabad 198-201 Debt Policy Coordination Office (DPCO) 202-206 ***** iv VISION STATEMENT OF THE FINANCE DIVISION Ensuring prosperous Pakistan with sustainable and inclusive growth through prudent financial management of Government Apparatus 1 MISSION STATEMENT OF THE FINANCE DIVISION To pursue sound and equitable economic policies that put Pakistan on the path of sustained economic development and macro-economic stability with a view to continuously and significantly improving the quality of life of all citizens through prudent and transparent public financial management carried out by dedicated professionals. 2 FUNCTIONS OF FINANCE DIVISION Following functions are allocated to the Finance Division under the Rules of Business, 1973: 1. Finances of the Federal government and financial matters affecting the country as a whole. 2. The Annual Budget Statement and the Supplementary and Excess Budget Statements to be laid before the National Assembly; the schedules of authorized expenditure. 3. Accounts and Audit. 4. Allocation of share of each Provincial government in the proceeds of divisible Federal Taxes; National Finance Commission. 5. Public debt of the Federation both internal and external; borrowing money on the security of the Federal Consolidated Fund. 6. Loans and advances by the Federal Government. 7. Sanctions of internal and external expenditure requiring concurrence of the Finance Division. 8. Advice on economic and financial policies; promotion of economic research. 9. Proper utilization of the country’s foreign exchange resources. 10. Currency, coinage and legal tender, Pakistan Security Printing Corporation and Pakistan Mint. 11. Banking, investment, financial and other corporations, that is to say: (i) Central Banking; State Bank of Pakistan; (ii) Other banking (not including co-operative banking) and investment and financial corporations with objects and business not confined to one Province; and (iii) Incorporation, regulation and winding up of corporations including banking insurance and financial corporations not confined to or controlled by or carrying on business in one Province. 12. Company Law: Accountancy, Matters relating to the Partnership Act, 1932. 13. Investment policies; Capital issues (Continuance of Control) Act, 1947; statistics and research work pertaining to investment and capital. 14. Stock exchanges and future markets with objects and business not confined to one Province; Securities Regulations. 15. Financial settlement between Pakistan and India and division of assets and liabilities of the pre-independence Government of India. 3 16. Framing of rules on pay and allowances, retirement benefits, leave benefits and other financial terms and conditions of service. 17. Cost Accountancy. 18. International Monetary Fund. 19. Monopoly Control and Anti-Cartel Laws. 20. Deregulation policies.1 21. Administration of Economic Reforms Order, 1978. 22. Negotiations with international organizations and other countries and implementation of agreements thereof. 23. Poverty Reduction2 24. Benazir Income Support Progpramme3 1.Amended vide Cabinet Division SRO No. 470(I)/2001, (4-24/2000-Min-I), dated 25.06.2001 2 Inserted vide S.R.O. No.226(I)/2010 (F.No.4-4/2007-Min-I), dated 02.4.2010. 3 Inserted vide S.R.O. No.1048/(I)/2015 (F.No.4-5/2013-Min-I), dated 26.10.2015. 4 FUTURE GOALS OF FINANCE DIVISION • Preparation of Annual Budget/Financial Planning and Budgeting. • Publishing Pakistan Economic Survey, Statistical Supplement of Pakistan Economic Survey and Year Book annually. • Proper utilization of country’s Foreign Exchange resources. • Proper application of share of each Provincial Government in the proceeds of divisible Federal Taxes, National Finance Commission. • Framing of Investment Policies. • Issues/negotiations with IMF. • Reforms of Public Sector Enterprises. • Deepen Power Sector Reforms. • Investment Climate Improvement Reforms. • Banking Sector Reforms. • Formulation and Implementation of Austerity Measures. 5 HRM WING 7 Additional Finance Secretary (HRM) Joint Secretary (HRM) DS(Coord) DS(Council) DS(HR) DS(Services) DS(QA) DS(B&A) SO(Coord-I) SO(Council) SO(HR-I) SO(Documentation) SO(QA-I) SO(B&A) (vacant) SO (Coord-II) SO(HR-II) SO(Services-I) SO(QA-II) AO/DDO SO(HR-III) SO(Services-II) SO(QA-III) AAO SO(HR-IV) OSD(Protocol) Librarian NAME AND OFFICIAL TELEPHONE NUMBERS OF OFFICERS OF HRM WING S# Name of Officer Designation Telephone Number(Off) 1 Dr. Ahmed Mujtaba Memon AFS(HR/CF) 051-9203373 2 Mr. Khalil Ahmad Chauhdhry Joint Secretary(HRM) 051-9206818 3 Mr. Abdul Waheed Memon Deputy Secretary(HR) 051-9206361 4 Mr. Muhammad Anwar Deputy Secretary(Services) 051-9209567 5 Mr. Manzoor Ahmed Deputy Secretary(Coord) 051-9202172 6 Mr. Khurshid Anwar Deputy Secretary (QA) 051-9217853 7 Mr. Khurshid Anwar (Add. charge) Deputy Secretary (Council) 051-9208252 8 Mr. Riaz Ahmad Deputy Secretary (B&A) 051-9201941 9 Syed Buniad Haider Section Officer (Doc) 051-9202582 10 Mr. Abdul Jabbar Bhatti Section Officer (HR-I) 051-9209149 11 Mr. Abdul Jabbar Bhatti (Add. charge) Section Officer (HR-II) 051-9208287 12 Mr. Ahmad Nawaz Chohan (Add. charge) Section Officer (HR-III) 051-9208102 13 Mr. Ishtiaq Ahmad Section Officer (HR-IV) 051-9209930 14 Mr. Ahmad Nawaz Chohan Section Officer (B&A) 051-9217867 15 Mr. Ghulam Muhammad Mahmoodi Section Officer (Services-I&II) 051-9208101 16 Mr. Abrar Hussain OSD (Protocol/B&A) 051-9206363 17 Mrs. Bushra Arshad Librarian, FBC Building 051-9218254 18 Mr. Ishtiaq Ahmad Section Officer (QA-I) 051-9208523 19 Mr. Shahzad Zareef Section Officer (QA-II) 051-9217862 20 Mr. Ishtiaq Ahmad (Add. Charge) Section Officer (QA-III) 051-9203008 21 Mr. Mr. Abdul Saboor Bhutto Section Officer (Coord-I) 051-9206382 22 Mr. Muhammad Ali Shahzad Muzaffar Section Officer (Coord-II) 051-9207329 23 Mr. Imran Ahmad Asstt. Accounts Officer 051-9208464 24 Mr. Muhammad Zia ul Mustafa DDO 051-9208114 8 HUMAN RESOURCE MANAGEMENT (HRM) WING INTRODUCTION: HRM Wing of Finance Division performs all the support functions 9001:2008 like recruitment, hiring and capacity building of human resource of the employees to add value. Being ISO certified Division, the Wing performs job analysis, planning, managing salaries, providing benefits, incentives, evaluating performance, resolving disputes and communicating with all employees at all levels to facilitate them in their service delivery. It also focuses on governance and analysis of quality output of all Wings of Finance Division. Besides, imparting knowledge of Rules of Business, Financial Rules, Esta Code and other instructions issued by the Government from time to time to the employees and their compliance to ensure better performance is also taken care of in different ways. The workload of HRM Wing increases manifold with the start