ISLAMABAD: The Finance Division has imposed a ban on purchase of vehicles, machinery, and equipment, and creation of new posts under Public Sector Development program (PSDP) under austerity measures for the fiscal year 2023-24.
An office memo (OM) dated February 20th was uploaded by the Finance Division’s (Expenditure Wing) on Tuesday. It was sent to all Ministries and Divisions, the Secretary to the President, the Principal Secretary to the Prime Minister, the Senate Secretariat, the Secretary of the National Assembly, Secretary Wafaqi Mohtasib, the Federal Tax Ombudsman, the Secretary ECP, the Auditor General of Pakistan, the Controller General of Accounts, the Accountant General, the AGPR, Islamabad, the Chief Accounts Officer, the Ministry of Foreign Affairs, and the Additional Secretary, Finance Division (Military), Rawalpindi. All Senior Joint Secretaries, Joint Secretaries, Additional Finance Secretaries, Special Assistant to the Finance Secretary, Webmaster, and Finance Division are informed that the Prime Minister has approved austerity measures for the fiscal year 2023–24 with immediate effect in order to ensure the prudent use of public funds.
The austerity measures are as follows: (i) there will be no sales of machinery or equipment from the current budget, with the exception of medical machinery and equipment; (ii) no sales of any vehicles, with the exception of ambulances, school buses, solid waste vehicles, tractors, firefighting vehicles, and motorbikes; and (iii) no sales of any new posts under the PSDP/current budget during the fiscal year 2023–2024.
