Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatization (Pakistan)

Ministry of Finance
Agency overview
وزارت مالیات
Seal of Government of Pakistan
Formed	August 14, 1947 (1947-08-14)
Jurisdiction	Federal Government of Pakistan
Headquarters	Islamabad, ICT, Pakistan
Agency executives	Ishaq Dar, Minister Waqar Masood Khan, Secretary
Website	Official Website

The Ministry of Finance (Urdu:وزارت مالیات) (also called Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatisation) is a cabinet-level department of the Government of Pakistan which was formed on 15 August 1947. The ministry is primarily concerned with promoting economic growth and activities throughout Pakistan.

The executive and political head of authority at the ministry is the Minister of Finance who must be an elected member of the Parliament of Pakistan. The current Minister of Finance is Mohammad Ishaq Dar.^[1]

Organisational divisions

Finance

The Finance Division (FD) is the most elite bureaucratic division under the Finance Ministry's purview. The FD comes under the supervision of the Secretary of Finance, an office held by Dr Waqar Masood Khan as of 2014.

The division's bureaucracy is divided into several wings and units as listed below:

Human Resource Management (HRM) Wing: Basic functions include the official business management of the organisation through the provision of effective human resource. The wing also provides logistic support to various other units of the organisation.^[2]
Budget Wing: Basic functions include the coordination, preparation, printing and publishing of fiscal budgets and related documents for the federal government. The wing is also responsible for the implementation of the budgetary targets and preparing monthly reports thereon.^[3]
Corporate Finance Wing: Basic functions include looking after the economic, financial, and corporate affairs of all Public Sector Entities (PSEs) that work under the administrative control of various federal ministries and their divisions.^[4]
Economic Adviser's (EA) Wing: Basic functions include the publication of the Economic Survey of Pakistan, both in Urdu and English, prior to the announcement of the federal budget. The budgetary supplement evaluates the overall economic performance of the country based on various economic factors as evident in the preceding fiscal year's data.^[5]
Expenditure Wing: Basic functions include the revision and finalisation of the federal budget, enforcement of economic measures and disbursements of pension funds.^[6]
External Finance (EF) Wing: Basic functions include the arrangement of financing from international financial institutions for balance of payments and budgetary support. The EF wing also allocates and utilises the foreign exchange and releases and maintains the funds for both civil departments and the armed forces.^[7]
External Finance Policy (EFP) Wing: Basic functions include the compilation of the Pakistan government's principal policy for macroeconomic governance and poverty reduction. The EFP wing also deals with multilateral and bilateral institutions like the World Bank, Department for International Development (DFID), Citizens Damage Compensation Programme (CDCP), SAARC Development Fund (SDF), ECO Trade and Development Bank, United Nations Development Programme (UNDP), Strengthening Poverty Reduction Strategy Monitoring Project (SPRSMP), Pakistan One UN Programme and the Joint Ministerial Commissions (JMCs/JECs).^[8]
Economic Reforms Unit (ERU): Basic functions include the formulation of development strategies for the private sector and reviewing law, rules and regulations, pertaining to business environment that are obsolete, overlapping and inconsistent or unduly add to the cost of doing business.^[9]
Military Wing: Basic functions include procurement of all defence equipment for the Ministry of Defence (MoD) and the Ministry of Defence Production (MoDP). The wing also prepares, executes and monitors the budget and expenditure of the armed forces, MoD, MoDP, inter-services organisations and defence production establishments.^[10]
Development Wing
Internal Finance Wing
Investment Wing
Provincial Finance Wing
Regulations Wing

The FD also delegates its functions to specialised sub-departments within the division, which include the following:

Office of the Auditor General (AG)
Office of the Controller General of Accounts (CGA)
Central Directorate of National Savings (CDNS)
Debt Policy Coordination Office (DPCO)
Pakistan Mint
Federal Treasury Offices

Revenue

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. 34878798909-

Economic Affairs Divisions The Economic Affairs Division (EAD) is responsible for requirement assessment, programming and negotiations of external economic assistance concerning the Government of Pakistan and its constituent units from foreign governments and multilateral agencies.^[11] Amongst its various functions are the management of external debt, provision of technical assistance to foreign countries, lending and re-lending of foreign loans, and monitoring of aid utilisation. The EAD has thirteen wings and comes under the supervision of the Secretary of Economic Affairs, an office held by Muhammad Saleem Sethi as of 2014.

Statistics Division

The Statistics Division includes these departments:

Federal Bureau of Statistics, headquartered in Islamabad
Population Census Organization, headquartered in Islamabad
Agricultural Census Organization, headquartered in Lahore

Former divisions

Planning and Development

Includes these semi-autonomous organizations:

National Fertilizer Development Centre
National Logistics Cell
Pakistan Institute of Development Economics
Pakistan Planning and Management Institute

Citations

↑ "Minister's Profile". Ministry of Finance. Government of Pakistan. Retrieved 12 July 2014.
↑ Finance Division 2011, p. 6
↑ Finance Division 2011, p. 11
↑ Finance Division 2011, p. 28
↑ Finance Division 2011, p. 30
↑ Finance Division 2011, p. 32
↑ Finance Department 2011, p. 34
↑ Finance Division 2011, p. 38
↑ Finance Division 2011, p. 47
↑ Finance Division 2011, p. 51
↑ "Overview: Economic Affairs Division". Ministry of Finance, Revenue, Economic Affairs, Statistics and Privitisation. Government of Pakistan. Retrieved 12 July 2014.

References

Finance Division (2011). Year Book 2010–2011 (PDF). Islamabad: Government of Pakistan.

External links

Economy of Pakistan

History	Numbering system Five-Year Plans Nationalization Privatization Corporatization Fauji Foundation Islamic economization Economic liberalization Medium Term Development Framework Periods of stagflation

Banking and finance	Banking (List of banks) Pakistan Remittance Initiative

Communications	Currency Mailing Postal codes Postage stamps Telecommunications Dialing codes Internet Mobile network operators Telephone numbers Pakistan Remote Sensing Satellite

Transportation	Airlines Airports Bridges Motorways National highways Railways Railway stations Dry ports Seaports Vehicle plates

Industry	Aerospace Agriculture Fishery Livestock Rice production Tea Defence Automotive Books and publishing Cottage and small scale Forestry Information technology Insurance Mining Media Cinema Television Music Pharmaceuticals Real estate Textiles (Carpets and rugs) Silk Tourism Medical tourism

Infrastructure	Buildings Education Schools Universities Healthcare AIDS Hospitals Housing Poverty Science and technology Water supply and sanitation (Dams) Water resources management

Energy	Electricity Fuel extraction Nuclear power Policy Power companies Power stations Renewable energy Solar power Wind power

Taxation	Federal Board of Revenue Tax on cash withdrawal

Institutions	Companies Islamabad / Karachi / Lahore stock exchanges Ministry of Commerce (Ministers) Ministry of Finance (Ministers) National Bank of Pakistan Planning Commission Research institutes Securities and Exchange Commission State Bank of Pakistan (Governors)

Society	Billionaires Businesspeople Demographics Labour force (Child labour) Public holidays Urbanisation Pensions

Domestic economies	Azad Kashmir Balochistan FATA Gilgit-Baltistan Islamabad Khyber Pakhtunkhwa Punjab Faisalabad Lahore Rawalpindi Sindh (Karachi)

See also	Central business districts Foreign aid Foreign trade International ranking Investment in Pakistan Sister cities Provinces by GDP Pakistanis by net worth Politicians Standard of living

Category

Cabinet of the Government of Pakistan

Office of the Prime Minister of Pakistan Office of the President of Pakistan

Cabinet Secretariat	Akthar Hameed Khan National Centre for Rural Development Capital Development Authority Civil Aviation Authority Environmental Protection Agency Federal Directorate of Education Human Organ Transplant Authority Intellectual Property Organisation of Pakistan Islamabad Police Islamabad Traffic Police Global Change Impact Studies Centre Management Services Wing National Archives of Pakistan National Disaster Management Authority National Institute of Disaster Management National Electric Power Regulatory Authority National Institute of Science and Technical Education Oil and Gas Regulatory Authority Pakistan Institute of Medical Sciences Pakistan International Airlines Corporation Pakistan Telecommunication Authority Pakistan Tourism Development Corporation Private Educational Institution Regulatory Authority Public Procurement Regulatory Authority Staff Welfare Organization Zoological Survey Department

Ministry of Commerce and Textile Industry	Directorate General of Trade Organizations National Tariff Commission National Textile University Pakistan Horticulture Development and Export Company Pakistan Institute of Fashion and Design Pakistan Institute of Trade and Development State Life Insurance Corporation of Pakistan Trade Development Authority of Pakistan Trading Corporation of Pakistan

Ministry of Communications	National Highway Authority National Highways and Motorway Police National Transport Research Centre Pakistan Post

Ministry of Defence	Airports Security Force Pakistan Armed Forces Inter-Services Public Relations Inter Services Selection Board Military Lands and Cantonments Department National Defence University Institute for Strategic Studies, Research and Analysis Pakistan Air Force Air Intelligence Pakistan Air Force Academy Pakistan Army Defence Housing Authority Frontier Works Organisation Military Intelligence Pakistan Military Academy Pakistan Navy Naval Intelligence Pakistan Marines Pakistan Naval Academy

Ministry of Defence Production	Armament Research and Development Establishment Defence Export Promotion Organization Directorate General of Defence Purchase Directorate General of Munitions Production Heavy Industries Taxila Institute of Optronics Karachi Shipyard and Engineering Works Khan Research Laboratories Military Vehicles Research and Development Establishment National Engineering and Scientific Commission Air Weapons Complex National Development Complex Pakistan Aeronautical Complex Pakistan Ordnance Factories Wah Metallurgical Laboratory

Ministry of Federal Education and Professional Training	Federal Board of Intermediate and Secondary Education Higher Education Commission of Pakistan National Commission for Human Development Pakistan Human Development Fund National Education Foundation National Training Bureau National Vocational and Technical Training Commission Pakistan Manpower Institute

Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatization	Federal Board of Revenue Directorate General of Intelligence and Investigation Financial Monitoring Unit National Savings Organization Pakistan Bureau of Statistics

Ministry of Foreign Affairs	Foreign Service of Pakistan Foreign Service Academy Institute of Strategic Studies Islamabad Strategic Export Control Division

Ministry of Housing and Works	Federal Government Employees Housing Foundation PHA Foundation Public Works Department

Ministry of Human Rights	National Commission for Child Welfare and Development National Commission for Human Rights National Commission on the Status of Women

Ministry of Industries and Production	Engineering Development Board Export Processing Zone Authority National Productivity Organization Pakistan Gems and Jewellery Development Company Pakistan Industrial Development Corporation Pakistan Industrial Technical Assistance Centre Pakistan Institute of Management Pakistan Steel Mills Small and Medium Enterprise Development Authority Utility Stores Corporation

Ministry of Information Technology and Telecommunication	National ICT R&D Fund National Information Technology Board National Telecommunication Corporation Pakistan Software Export Board Pakistan Telecommunications Company Limited Special Communications Organization Virtual University of Pakistan

Ministry of Information, Broadcasting, and National Heritage	Aiwan-e-Iqbal Associated Press of Pakistan Department of Archeology and Museums Federal Land Commission Institute of Regional Studies Iqbal Academy National Institute of Folk and Traditional Heritage National Language Promotion Department National Museum of Pakistan Pakistan Academy of Letters Pakistan Broadcasting Corporation Pakistan Electronic Media Regulatory Authority Pakistan National Council of the Arts Pakistan Television Corporation PTV Academy Press Council of Pakistan Quaid-e-Azam Academy

Ministry of Inter-Provincial Coordination	National Academy of Performing Arts Pakistan Cricket Board Pakistan Sports Board Pakistan Veterinary Medical Council

Ministry of Interior and Narcotics Control	Anti-Narcotics Force Directorate General of Civil Defence Civil Defence Academy National Institute of Fire Technology Directorate General of Immigration and Passports Federal Investigation Agency National Response Centre for Cyber Crime Frontier Constabulary Frontier Corps Bajaur Scouts Chagai Militia Chitral Scouts Gilgit Baltistan Scouts Kharan Rifles Khyber Rifles Zhob Militia Intelligence Bureau National Academy for Prisons Administration National Counter Terrorism Authority National Crises Management Cell National Database and Registration Authority National Forensic Science Agency National Intelligence Directorate National Police Bureau Pakistan Coast Guards Pakistan Rangers

Ministry of Law and Justice	Law and Justice Commission of Pakistan

Ministry of National Food Security and Research	Animal Quarantine Department Department of Plant Protection Fisheries Development Board Livestock and Dairy Development Board National Veterinary Lab Pakistan Agricultural Research Council National Agricultural Research Centre Pakistan Agricultural Storage and Services Corporation Pakistan Oilseed Development Board

Ministry of National Health Services Regulation and Coordination	College of Physicians and Surgeons Pakistan Drug Regulatory Authority of Pakistan National Institute of Health National Institute of Population Studies Pakistan Medical and Dental Council Pakistan Health Research Council Pakistan Nursing Council Pharmacy Council of Pakistan

Ministry of Overseas Pakistanis and Human Resource Development	Bureau of Emigration and Overseas Employment Employees Old-Age Benefits Institution Overseas Pakistanis Foundation

Ministry of Petroleum and Natural Resources	Geological Survey of Pakistan Oil and Gas Development Company Pak-Arab Refinery Company Pakistan Mineral Development Corporation Pakistan Petroleum Pakistan State Oil Sui Northern Gas Pipelines Limited Sui Southern Gas Company

Ministry of Planning and Development	Planning Commission of Pakistan National Fertilizer Development Centre Pakistan Institute of Development Economics Pakistan Planning and Management Institute

Ministry of Ports and Shipping	Government Shipping Office Gwadar Port Authority Karachi Port Trust Marine Fisheries Department Mercantile Marine Department Pakistan Marine Academy Pakistan National Shipping Corporation Port Qasim Authority

Ministry of Railways	Pakistan Railways

Ministry of Religious Affairs and Inter-faith Harmony	Council of Islamic Ideology Evacuee Trust Property Board Pakistan Sikh Gurdwara Prabandhak Committee Madrassah Education Board

Ministry of Science and Technology	Council for Work and Housing Research National Institute of Electronics National Institute of Oceanography Pakistan Antarctic Programme National University of Sciences and Technology Pakistan Council for Renewable Energy Technologies Pakistan Council of Research in Water Resources Pakistan Council for Science and Technology National Commission for Science and Technology Pakistan Council of Scientific and Industrial Research Pakistan Engineering Council Pakistan National Accreditation Council Pakistan Science Foundation Pakistan Museum of Natural History Pakistan Scientific and Technological Information Center Pakistan Standards and Quality Control Authority

Ministry of States and Frontier Regions	Chief Commissionerate for Afghan Refugees

Ministry of Water and Power	Alternative Energy Development Board Federal Flood Commission Indus River System Authority National Energy Conservation Centre National Engineering Services Pakistan National Transmission and Despatch Company Private Power and Infrastructure Board Water and Power Development Authority

Independent/other departments and agencies	Abdus Salam Centre for Physics Center for Earthquake Studies Attorney-General for Pakistan Auditor General of Pakistan Board of Investment Cabinet Committee on National Security Central Board of Film Censors Competition Commission of Pakistan Controller General of Accounts Council of Common Interests Defence Science and Technology Organization Earthquake Reconstruction and Rehabilitation Authority Economic Coordination Committee Election Commission of Pakistan Federal Public Service Commission Civil Services Academy Federal Judicial Academy Frequency Allocation Board Gazette of Pakistan Institute of Bankers Pakistan Institute of Chartered Accountants of Pakistan Institute of Cost and Management Accountants of Pakistan Inter-Services Intelligence Maritime Security Agency National Accountability Bureau National Bioethics Committee National Command Authority Centre of Excellence for Nuclear Security Strategic Plans Division Force National Commission for Government Reforms National Guard National Library of Pakistan National Logistics Cell National Police Academy of Pakistan National School of Public Policy National Security Council Pakistan Atomic Energy Commission CHASNUPP Center for Nuclear Training KANUPP Institute of Nuclear Power Engineering National Institute for Biotechnology and Genetic Engineering Nuclear Institute for Agriculture and Biology Nuclear Institute for Food and Agriculture Pakistan Institute of Nuclear Science and Technology Pakistan Bait-ul-Mal Pakistan Bar Council Pakistan Commissioner for Indus Waters Pakistan Council for Architects and Town Planners Pakistan Customs Pakistan Institute for Parliamentary Services Pakistan Institute of Public Finance Accountants Pakistan Meteorological Department National Agromet Centre Pakistan Nuclear Regulatory Authority Pakistan Oilfields Printing Corporation of Pakistan Ruet-e-Hilal Committee Securities and Exchange Commission of Pakistan Space and Upper Atmosphere Research Commission of Pakistan Institute of Space and Planetary Astrophysics KU Observatory Institute of Space Technology Pakistan Mission Control Centre Satellite Ground Station Sonmiani Spaceport Tilla Satellite Launch Centre State Bank of Pakistan National Institute of Banking and Finance Pakistan Mint Secretariat Training Institute Survey of Pakistan Trade Dispute Resolution Organisation Zarai Taraqiati Bank Limited

Inactive/vacant portfolios	Office of the Deputy Prime Minister of Pakistan

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