AGL 22.90 Decreased By ▼ -1.83 (-7.4%)
AIRLINK 103.99 Decreased By ▼ -7.11 (-6.4%)
BOP 5.36 Decreased By ▼ -0.18 (-3.25%)
CNERGY 3.86 Decreased By ▼ -0.04 (-1.03%)
DCL 8.02 Decreased By ▼ -0.43 (-5.09%)
DFML 39.10 Decreased By ▼ -3.15 (-7.46%)
DGKC 86.95 Decreased By ▼ -2.65 (-2.96%)
FCCL 22.70 Decreased By ▼ -0.20 (-0.87%)
FFBL 40.59 Decreased By ▼ -1.39 (-3.31%)
FFL 8.89 Decreased By ▼ -0.15 (-1.66%)
HUBC 153.50 Decreased By ▼ -8.70 (-5.36%)
HUMNL 10.65 Decreased By ▼ -0.70 (-6.17%)
KEL 4.55 Decreased By ▼ -0.23 (-4.81%)
KOSM 3.90 Decreased By ▼ -0.16 (-3.94%)
MLCF 37.50 Decreased By ▼ -1.45 (-3.72%)
NBP 49.00 Decreased By ▼ -1.60 (-3.16%)
OGDC 134.15 Decreased By ▼ -2.96 (-2.16%)
PAEL 26.15 Decreased By ▼ -2.40 (-8.41%)
PIBTL 6.07 Decreased By ▼ -0.18 (-2.88%)
PPL 116.79 Decreased By ▼ -6.01 (-4.89%)
PRL 23.55 Decreased By ▼ -0.75 (-3.09%)
PTC 12.90 Decreased By ▼ -0.84 (-6.11%)
SEARL 57.25 Decreased By ▼ -2.80 (-4.66%)
TELE 7.45 Decreased By ▼ -0.31 (-3.99%)
TOMCL 35.74 Decreased By ▼ -3.66 (-9.29%)
TPLP 8.50 Decreased By ▼ -0.26 (-2.97%)
TREET 15.68 Decreased By ▼ -0.52 (-3.21%)
TRG 56.40 Decreased By ▼ -3.60 (-6%)
UNITY 33.40 Decreased By ▼ -1.00 (-2.91%)
WTL 1.18 Decreased By ▼ -0.04 (-3.28%)
BR100 8,433 Decreased By -274.3 (-3.15%)
BR30 26,639 Decreased By -1159 (-4.17%)
KSE100 80,118 Decreased By -1722 (-2.1%)
KSE30 25,681 Decreased By -584.1 (-2.22%)
Print Print 2024-07-09

Govt embarks on the path of rightsizing itself

  • Seeks information from five ministries about their actual and revised budget for 2023-24 and budget for 2024-25
Published July 9, 2024

ISLAMABAD: The government has begun rightsizing the federal government by seeking information from five ministries about their actual and revised budget for 2023-24 and budget for 2024-25 besides their segregated functions between federal and provincial based on federal legislative list latest by 12 July.

Sources said that ministries of Information Technology and Telecommunication, Kashmir Affairs and Gilgit-Baltistan, States and Frontier Regions (SAFRON), Industries and Production have been asked to treat the matter as urgent and the response may be ensured by 12th July 2024 for onward submission to the Prime Minister’s Office.

Prime Minister’s Office Institutional Reforms Cell in a letter to these ministries has been mandated to undertake a comprehensive exercise for right sizing of government to ensure productive and allocative efficiency. The Cell being part of Cabinet Division serves as a support unit in carrying out the assigned mandate of reforms and provides necessary secretarial support

Govt passes tax-laden budget ahead of talks on fresh IMF loan

The prime minister has constituted the Committee on Rightsizing of the federal government with the ToRs: propose architecture for functions of the federal government that can be undertaken in private mode, ascertain functions requiring public finances which can be performed in private mode and, analyse whether remaining functions have appropriated and economical architecture corresponding to them; determine functions which are entirely provincial with no international “obligation and without affecting common market principal; recommend concrete plan with clear way forward and methodology along with ascertainment to safeguard assets, human resources and other ancillary issues; any other issue relevant to the scope of work assigned to the committee.

The committee in its 30 meeting convened on 5th July 2024, chaired by Minister for Finance and Revenue has decided to seek input from the ministries – IT and Telecommunication, Kashmir Affairs and Gilgit-Baltistan, States and Frontier Regions (SAFRON), Industries and Production (MoI&P) and Ministry of National Health Services Regulations and Coordination – on immediate basis latest by 12th July 2024 for further processing of the case.

The committee has sought from the ministries details of the budget including revised estimates for fiscal year 2023-24 and budget estimates for 2024-25 as well as list of all the assets owned by the ministry along-with appropriate market value and functions of the Division as per rules and business besides segregate functions between provincial functions and federal functions bases on federal legislative list as well as what is the justification (if any) for the functions being performed by the Division, etc.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Umer Jul 09, 2024 10:37am
You have to loan
thumb_up Recommended (0)
Dabeer Razvi Jul 09, 2024 12:09pm
Please reduce expense on Protocol, Foreign Trips, Perks and Privileges, etc. etc.
thumb_up Recommended (0)
M. Zahid Iftikhar Jul 09, 2024 12:46pm
At last.... Good to reduce size of govt so that citizens & economy may prosper.
thumb_up Recommended (0)
T Jul 09, 2024 07:21pm
just an aesthetic procedure.
thumb_up Recommended (0)