AVN 66.93 Decreased By ▼ -0.17 (-0.25%)
BAFL 29.54 Decreased By ▼ -0.21 (-0.71%)
BOP 4.06 Decreased By ▼ -0.01 (-0.25%)
CNERGY 3.62 Decreased By ▼ -0.11 (-2.95%)
DFML 11.94 Decreased By ▼ -0.31 (-2.53%)
DGKC 43.26 Decreased By ▼ -2.10 (-4.63%)
EPCL 45.97 Decreased By ▼ -1.03 (-2.19%)
FCCL 11.81 Decreased By ▼ -0.19 (-1.58%)
FFL 5.91 Decreased By ▼ -0.04 (-0.67%)
FLYNG 6.04 Decreased By ▼ -0.14 (-2.27%)
GGL 11.41 Decreased By ▼ -0.48 (-4.04%)
HUBC 68.11 Decreased By ▼ -0.39 (-0.57%)
HUMNL 5.64 Decreased By ▼ -0.08 (-1.4%)
KAPCO 24.91 Decreased By ▼ -0.34 (-1.35%)
KEL 2.13 Decreased By ▼ -0.01 (-0.47%)
LOTCHEM 24.95 Decreased By ▼ -0.41 (-1.62%)
MLCF 24.91 Decreased By ▼ -0.79 (-3.07%)
NETSOL 75.92 Decreased By ▼ -1.88 (-2.42%)
OGDC 85.99 Decreased By ▼ -2.13 (-2.42%)
PAEL 11.11 Decreased By ▼ -0.54 (-4.64%)
PIBTL 3.99 Decreased By ▼ -0.13 (-3.16%)
PPL 66.27 Decreased By ▼ -2.44 (-3.55%)
PRL 12.92 Decreased By ▼ -0.33 (-2.49%)
SILK 0.87 Decreased By ▼ -0.01 (-1.14%)
SNGP 40.72 Decreased By ▼ -0.98 (-2.35%)
TELE 7.57 Decreased By ▼ -0.40 (-5.02%)
TPLP 15.05 Decreased By ▼ -0.37 (-2.4%)
TRG 110.33 Decreased By ▼ -2.23 (-1.98%)
UNITY 13.52 Decreased By ▼ -0.58 (-4.11%)
WTL 1.21 Decreased By ▼ -0.02 (-1.63%)
BR100 4,081 Decreased By -61.9 (-1.49%)
BR30 14,631 Decreased By -307.2 (-2.06%)
KSE100 40,376 Decreased By -501.9 (-1.23%)
KSE30 14,916 Decreased By -172.3 (-1.14%)
Follow us

ISLAMABAD: The government has notified austerity measures, including complete ban on purchasing all types of new vehicles and creating new post (except required for development projects) owing to financial constraints.

The Finance Ministry notified the measures stated that owing to financial constraints the austerity measures have been enforced during the financial year 2021-22 with immediate effect.

There shall be complete ban on purchase of all types of vehicles both for current and development expenditure excluding motorcycles, student buses, ambulances, and firefighting vehicles.

There shall be complete ban on creation of new posts except those required for development projects and approved by the competent authority. Privilege of periodical magazines, newspapers etc to the entitled officers will remain restricted to only one.

Principal Accounting Officers (PAOs) will ensure rationalised utility consumption, ie, electricity, gas, telephone, water etc and the expenditure on purchase of assets, repair and maintenance and all other operational expenditures shall be kept at bare minimum level, while remaining within the budgetary allocation for the financial year.

Two sides of paper shall be used in all official communications. All outstation meetings be restricted through internet link (Zoom etc) only unless physical presence is strongly justified and approved by the competent authority.

In the above context, to cater with the indispensable needs of the ministries/divisions/ departments/organisations, etc, an Austerity Committee has been constituted comprising the following officers to review the critical/unavoidable/significant proposals only, in respect of ban on purchase of vehicles/creation of posts imposed.

(i) Additional Finance Secretary (Expenditure)(In Chair)

(ii) Senior Joint Secretary/Joint Secretary (Expenditure-CGA) (Member)

(iii) Senior Joint Secretary/Joint Secretary (Member)

(Expenditure-concerned Ministry/Division) Finance Division

(iv) Representative of the concerned Ministry/Division/Department (Not less than an officer in BS-20) (Member)

(v) Deputy Secretary (Expenditure-CGA) Secretary

All ministries/divisions have been directed to disseminate the instructions to all departments/organisations under their administrative control for strict compliance.

Copyright Business Recorder, 2021

Comments

Comments are closed.

Financial constraints: Ban on new cars, posts part of austerity measures: MoF

Pakistan Day: Let us awaken spirit of service to nation, says PM

President Alvi confers civil awards upon Pakistani, foreign nationals

ECP’s decision to postpone Punjab elections in best interest of Pakistan: Marriyum Aurangzeb

Govt constitutes high-powered JIT to probe 'attack' on Judicial Complex

Mild earthquake jolts Islamabad, parts of Punjab

US working to get dozens of Americans from Afghanistan: Blinken

Bank of England hikes rate despite banking turmoil

Oil down after Fed comments, U.S. crude stock build

Global bank watchdog vows to ‘learn lessons’ after turmoil

India’s Rahul Gandhi found guilty of defamation over Modi remark