Finance Department is a
department of
Government of Punjab, Pakistan
The Government of the Punjab ( ur, ), is the provincial government of the Pakistani province of Punjab. It is based in Lahore, the provincial capital. Its powers and structure are set out in the provisions of the Constitution, in which 41 dis ...
. The Finance Department is responsible for supervision and control of provincial finances, preparation of provincial budget, formulation of Financial Rules, management of public debt.
It is headed by the a provincial minister with coordination of a finance secretary.
Awais Leghari
Sardar Awais Ahmad Khan Leghari (Urdu language, Urdu: اویس احمد خان لغاری; born 22 March 1971) is a Pakistani politician who is currently an Finance department, Punjab (Pakistan), Minister of Finance Department & Revenue Punjab ...
is the provincial minister of Punjab since 12 June 2022.
Functions
The major functions of Finance Department are:
* Management of public funds
* Framing of financial rules for guidance of departments
* Supervision of accounts of provincial departments
* Flotation and administration of provincial loans
* Administration of public revenue
* Audit matters of provincial receipts and expenditure
Wings
Following are the main Wings of Finance Department to perform and manage the functions of the department:
* Budget Wing
* Regulations Wing
* Local Government Finance
* Economic Services Wing
* Social Services Wing
* Policy Analysis Cell
* Monitoring Wing
Attached Departments
Punjab Revenue Authority
Punjab Revenue Authority is Semi Autonomous Revenue Administration for the collection of tax on services in the province. After
Eighteenth Amendment to the Constitution of Pakistan
The Eighteenth Amendment of the Constitution of Pakistan (Urdu: آئین پاکستان میں اٹھارہویں ترمیم) was passed by the National Assembly of Pakistan on April 8, 2010, removing the power of the President of Pakistan to di ...
collection of sales tax on
Services
Service may refer to:
Activities
* Administrative service, a required part of the workload of university faculty
* Civil service, the body of employees of a government
* Community service, volunteer service for the benefit of a community or a p ...
was transferred to
provincial governments by
federal government.
Local Fund Audit
Local Fund Audit (LFA) Department is responsible for personnel administration of the Treasuries and Local Fund Audit establishments.
Risk Management Unit
Risk Management Unit (RMU) is the fiscal guardian for projects using
Public Private Partnership
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociological concept of the ''Öffentlichkei ...
(PPP) approach for procurement of infrastructure projects.
Punjab Pension Fund
Punjab Pension Fund (PPF) Punjab Pension Fund, a body corporate, was formed after the promulgation of Punjab Pension Fund Act in 2007. The purpose of the Fund is to generate revenue for the discharge of pension liabilities of the Government. Punjab Pension fund is managing two tpes of funds, Punjab Pension Fund (PPF) and Punjab General Provident Investment Fund (PGPIF).
About Us , Punjab Pension Fund
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See also
* Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance.
Lists of current ministries of finance
Named "Ministry"
* Ministry of Finance (Afghanistan)
* Ministry of Finance and Ec ...
* Federal Board of Revenue
The Federal Board of Revenue (FBR) ( ur, ), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of ...
* Economy of Punjab
* Excise and Taxation Department
External links
Finance Department
Punjab Revenue Authority
Risk Management Unit
References
Departments of Government of Punjab, Pakistan
Economy of Punjab, Pakistan
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