Ministry of Finance (Pakistan)
| وزارت مالیات | |
Seal of Government of Pakistan
|
|
| Agency overview | |
|---|---|
| Formed | August 14, 1947 |
| Jurisdiction | Federal Government of Pakistan |
| Headquarters | Islamabad, ICT, Pakistan |
| Agency executives | |
| 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.
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:
The FD also delegates its functions to specialised sub-departments within the division, which include the following:
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. 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.
...
Wikipedia