Ministry of Finance of the Government of Pakistan
Encyclopedia
The Ministry of Finance, also known as Finance Ministry, is a Cabinet
Cabinet of Pakistan
The Cabinet of Pakistan is headed by Prime Minister and plays an important role in the Government of Pakistan, in accordance with the Westminster System....

-level department of Government of Pakistan concerned with the promoting economic growth and economic activities within the country. The Ministry's executive and political figure head is known as Finance Minister of Pakistan
Finance Minister of Pakistan
The Finance Minister of Pakistan heads the Ministry of Finance and serves in the Prime Minister's cabinet. The Minister is required to be a member of the Parliament.The current finance minister is Abdul Hafeez Shaikh...

, who must be an elected member of Parliament of Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

. The organizational structure of the Ministry is listed below.

The current Minister is Dr. Abdul Hafeez Shaikh
Abdul Hafeez Shaikh
Abdul Hafeez Shaikh is a Pakistani economist and a politician from Sindh province, Pakistan. Dr. Shaikh is the current Finance Minister in the Cabinet of Pakistan. Dr. Shaikh was elected as a Member of the Senate from the Pakistan Peoples Party platform....

, a former World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

 executive.

Revenue Division

This division is headed by Secretary, Revenue Division; who usually is an ex-officio Chairman of the Federal Board of Revenue (the supreme tax agency). This division (Federal Board of Revenue) is responsible for:
(i) formulation and administration of fiscal policies,
(ii) levy and collection of federal taxes and
(iii) quasi-judicial function of hearing of appeals.
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Finance Division

Includes these departments:
  • Office of the Controller General of Accounts
  • Office of the Auditor General of Pakistan
    Auditor General of Pakistan
    The Auditor General of Pakistan or Auditor General is an government organization and the prime institution in the country for ensuring public accountability and fiscal transparency in governmental operations...

  • Central Directorate of National Savings (CDNS)
  • Monopoly
    Monopoly
    A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity...

     Control Authority
  • Finance Division Military
  • National Savings Organizations
  • Pakistan Mint
    Mint (coin)
    A mint is an industrial facility which manufactures coins for currency.The history of mints correlates closely with the history of coins. One difference is that the history of the mint is usually closely tied to the political situation of an era...

    .
  • Federal Treasury
    Treasury
    A treasury is either*A government department related to finance and taxation.*A place where currency or precious items is/are kept....

     Offices.
  • Securities and Exchange Commission of Pakistan
    Securities and Exchange Commission of Pakistan
    The Securities and Exchange Commission of Pakistan is an autonomous body whose purpose is to develop a modern and efficient corporate sector and a capital market based on sound regulatory principles, in order to foster economic growth and prosperity in Pakistan.-History:The Securities and Exchange...


Economic Affairs Division

The Division is responsible for the coordination of economic relations with other countries and external economic organizations. It contains thirteen wings:

Statistics Division

The Statistics Division
Statistics Division of the Government of Pakistan
The Statistics Division of the Government of Pakistan, also known as Statistics Division, is a Government of Pakistan's executive and federal department, which is mandate to frames policies for development of statistical services in the country...

 includes these departments:
  • Federal Bureau of Statistics, headquartered in Islamabad
    Islamabad
    Islamabad is the capital of Pakistan and the tenth largest city in the country. Located within the Islamabad Capital Territory , the population of the city has grown from 100,000 in 1951 to 1.7 million in 2011...

  • Population Census
    Census
    A census is the procedure of systematically acquiring and recording information about the members of a given population. It is a regularly occurring and official count of a particular population. The term is used mostly in connection with national population and housing censuses; other common...

     Organization, headquartered in Islamabad
  • Agricultural Census Organization, headquartered in Lahore
    Lahore
    Lahore is the capital of the Pakistani province of Punjab and the second largest city in the country. With a rich and fabulous history dating back to over a thousand years ago, Lahore is no doubt Pakistan's cultural capital. One of the most densely populated cities in the world, Lahore remains a...


Planning & Development Division

Includes these semi-autonomous organizations:
  • National Fertilizer Development Centre
  • National Logistics
    Logistics
    Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...

     Cell
  • Pakistan Institute of Development Economics
    Pakistan Institute of Development Economics
    Pakistan Institute of Development Economics was established at Karachi in 1957 and in 1964 accorded the status of an autonomous research organization by the Government of Pakistan. It is devoted to theoretical and empirical research in Development Economics in general and on Pakistan-related...

  • Pakistan Planning and Management Institute

See also

  • Finance Minister of Pakistan
    Finance Minister of Pakistan
    The Finance Minister of Pakistan heads the Ministry of Finance and serves in the Prime Minister's cabinet. The Minister is required to be a member of the Parliament.The current finance minister is Abdul Hafeez Shaikh...

  • Finance Secretary of Pakistan
    Finance Secretary of Pakistan
    Finance Secretary of Pakistan is the highest bureaucratic position within the Ministry of Finance of Pakistan. There were at least three instances when finance ministry was headed by Secretary-General...

  • Economic Coordination Committee
    Economic Coordination Committee
    Economic Coordination Committee is a cabinet level committee responsible for final decisions relating to economy in Pakistan. It was established in 1965 under the chairmanship of the Central Finance Minister, with almost weekly meetings of its members, who are ministers in charge of economic...

  • Ministry of Commerce (Pakistan)
    Ministry of Commerce (Pakistan)
    The Ministry of Commerce is headed by the Commerce Minister of Pakistan, who must be a member of Parliament of Pakistan.- State Life Insurance Corporation :State Life Insurance Corporation - See also :* Economy of Pakistan‎* Ministry of Finance...

  • Planning Commission (Pakistan)
    Planning Commission (Pakistan)
    The Planning Commission of Pakistan, commonly known as Planning Commission, is a Pakistan Government's executive and federal departmental institution in charge of managing the economy of the country in tandem with the Ministry of Finance. Its main function is to prepare five-year plans of economic...

  • Pakistan Board of Investment
    Pakistan Board of Investment
    Board of Investment is the investment promotion agency of Pakistan. The Board of Investment assists companies planning to invest in Pakistan or to expand their Pakistani operations. The Board of Investment is a member of the World Association of Investment Promotion Agencies .- History :The...

  • Trading Corporation of Pakistan
    Trading Corporation of Pakistan
    The Trading Corporation of Pakistan , part of the Government of Pakistan's Ministry of commerce, is responsible for export and import of commodities in Pakistan...

  • Rice Export Association of Pakistan
    Rice Export Association of Pakistan
    The Rice Export Association of Pakistan , part of the Government of Pakistan's Ministry of commerce, is responsible for export and import of Rice in Pakistan. Rice Export Association of Pakistan issues tenders for export and import of Rice...

  • IFRS in Urdu

External links

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