PM to have authority designating principal accounting officer – Pakistan

ISLAMABAD: The Prime Minister shall have the authority to designate any officer as principal accounting officer on the recommendation of the administrative secretary of the Division involved and Finance Division.

According to the Financial Administration and Powers of Principal Accounting Officers Laws, 2021 issued by the Finance Division right here on Thursday, whilst recommending an officer as principal accounting officer, the Secretary of the Division involved shall provide administrative, procedural and other justifications and cogent explanations thereof.

The Finance Division shall system the case and shall notify it in the formal Gazette with the prior acceptance of the Prime Minister.

A principal accounting officer shall be accountable right before the Parliament of Pakistan which include all appropriate Parliamentary Committees for the use of sources, regularity and propriety of the expenditure undertaken from the funds, specific fund or public account as principal accounting officer.

These polices shall apply to all federal federal government ministries and divisions and hooked up departments and sub-ordinate workplaces thereof and any other federal authorities organisations and entities that are working under the current procedures and regulations to operate their official business enterprise, other than Defence Providers for which new economic restrictions shall be notified by Ministry of Defence.

The principal accounting officer shall be liable to adhere to and enforce the rules of fiscal propriety, such as the compliance of guidelines, procedures, restrictions, protecting higher standard of prudence, vigilance, thanks diligence and making certain benefit for income although incurring expenditure and accumulating governing administration receipts.

The heads of the autonomous bodies or organisations who have not been specified as principal accounting officers but who obtain funds from the authorities shall training the exact powers as are delegated to a head of department under these regulations, in addition to distinct economic powers conferred on him under an enactment or policies or polices.

The powers delegated to principal accounting officers and other officers in the connected Schedule are topic to adhering to rules that less than Rule of Small business 1973, Finance Division has been allotted small business relating to finances of the Federal Governing administration and money issues impacting the place as a whole and sanctions of internal and external expenditure requiring concurrence of the Finance Division beneath these rules, Finance Division is delegating financial powers to principal accounting officers, heads of departments and sub-ordinate offices as per the connected Program.

The principal accounting officers and other officers shall work out the delegated powers and sanction expenditure appropriately.

The heads of departments and heads of autonomous bodies shall also be liable for financial propriety and accountability to the extent of financial powers delegated to them.