Islamabad 51
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
Islamabad 51
No Result
View All Result
Home National

Finance Ministry steps up efforts to remove vacant posts across ministries

Editor Isb by Editor Isb
May 13, 2025
in National
0
Picture of Muhammad Aurangzeb
Share on FacebookShare on Twitter

ISLAMABAD: The Ministry of Finance has directed all government departments and ministries to identify and eliminate vacant or unused posts that have been empty for more than three years. This is in line with the Financial Management & Powers of PAOs Regulations, 2021.

The Finance Ministry also stated that no new positions can be created in any division, department, or organization without prior approval from the Finance Division.

More Insights: Explore Related Stories

IMF Displeased with Premature Ministry Announcement on Economic Targets

A circular issued by the Finance Division asks all ministries and divisions to provide details about their employee-related expenses. They must submit forms that include information about the posts, and these will only be accepted if they are supported with post details.

Additionally, ministries must ensure that the number of posts in the forms matches the data in other official records. The Expenditure Wing of the Finance Division must approve the forms.

All departments and organizations must submit copies of their Sanction Letters and the authority that approved them.

The Finance Division will prepare a strategy for releasing funds each quarter of the financial year. PAOs must submit their budget plans for each quarter within the allocated budget. The Finance Division will use these plans to create the Budget Release Strategy for the 2025-26 financial year.

PAOs are required to allocate enough funds for the operation and maintenance of physical assets and infrastructure. They must also ensure the best returns on the assets under their management.

The Finance Division also called for Foreign Exchange (FE) budget estimates for the 2025-26 fiscal year. All federal and provincial ministries, departments, and organizations need to submit their FE budget estimates by May 7, 2025. These estimates must be in Pak Rupees and include a detailed breakdown of amounts needed in foreign currency.

ALSO READ >> >> Government eliminates 150,000 federal jobs in downsizing effort

Foreign exchange budgets will only be approved if the equivalent amount in rupees is also provided. The FE Budget forms must be filled out separately for development and current expenditures.

The Finance Ministry outlined that invisible expenses such as overseas delegations, training abroad, legal fees, and consultant payments must be detailed. Similarly, import expenses like machinery, equipment, and raw materials should also be clearly outlined.

Foreign exchange requests should only be made for approved development projects in the Public Sector Development Program (PSDP) and Annual Development Programs, and no lump sum provisions should be proposed. Provincial finance departments will coordinate the foreign exchange needs for their respective regions. They must ensure that the development schemes are approved and that rupee cover is available.

Tags: abolish postsFinance Ministryfiscal year 2025-26foreign exchange budgetPAOs regulationspublic sector developmentredundant positionsvacant posts
Previous Post

January 11, 2025: Today’s Price List for Vegetables, Fruits, Chicken, and Eggs Released in Islamabad

Next Post

Six dead, seven injured in Mandi Bahauddin firecracker explosion

Editor Isb

Editor Isb

Related Posts

imf

IMF Displeased with Premature Ministry Announcement on Economic Targets

by Editor Isb
May 14, 2025
0

ISLAMABAD: The IMF team has expressed dissatisfaction with the Ministry of Finance's assertion that all structural benchmarks, quantitative targets, and...

Next Post
Mandi Bahauddin firecracker explosion

Six dead, seven injured in Mandi Bahauddin firecracker explosion

Malala Yousafzai Pakistan

Malala Yousafzai arrives in Pakistan for two-day women’s education conference

Samsung galaxy S25 series Mobile Phone

What to expect from the Samsung galaxy S25 series: specs, features, and release Date

Ambiri Kallah Chowk in Karak

High speed trailer overturns on passenger van in Karak, 10 dead and 15 injured

Follow Us

Recommended

Image of toy horns

Islamabad administration bans toy horns ahead of independence day

10 months ago
OGRA Pakistan Cylinder

OGRA slashes LPG rates, new prices effective from June 1, 2025

5 days ago
qazi-faez-isa

CJP Qazi Faez Isa Highlights Ongoing Efforts to Enhance SJC Operations

1 year ago
Image of student in exam hall

Sindh changes exam schedule for matric, intermediate from next year

11 months ago

Categories

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Home 1
  • Privacy Policy
  • Terms of Service

Follow us on Google News for Latest Updates

Recent News

  • Punjab launches digital revolution with e-Cattle Market app for Eid-ul-Adha
  • US blocks entry from 12 nations, including Afghanistan and Iran
  • Government sets ambitious Rs4.22tr development outlay despite IMF squeeze

Category

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us

© 2023 Islamabad51