Finance Division Notification of Revised Procedure for Operation of Assignment Accounts of Federal Govt

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Finance Division Notification of Revised Procedure for Operation of Assignment Accounts of Federal Government

Government of Pakistan Finance Division (Budget Wing)
No.F.2 (2)-BR-I1/2008-695/2017 Islamabad. 16th June. 2017

OFFICE MEMORANDUM Subject: REVISED PROCEDURE FOR OPERATION OF ASSIGNMENT ACCOUNTS OF FEDERAL GOVERNMENT

The undersigned is directed to refer to Controller General of Accounts Office Letter No. 574 /CGNAC-1V/1-1/2011 dated 20′” June, 2012 on the above subject and to state that as per Para 2 (vi) of the Revised Procedure for Operation of Assignment Account. the transfer of funds from the assignment account for deposit into chest or any bank account is completely forbidden. However, it has been reported by the AGPR that these instructions are not been followed and huge amount of government’s funds have been withdrawn from assignment accounts for placement into commercial accounts. This is not only against the fundamentals of Article 80 of the Constitution of Pakistan but also violation of Para 66. 95. 96 of GFR Vol-1 and Rule 290 of FTR. where budget is appropriated for current fiscal year only.
2. It has now been decided that the Principal Accounting Officer of the concerned Ministry will ensure that no such transactions take place. In case of any deviation Niolation from the above mentioned procedure. the head of the organization and officers/officials of AGPR will be held responsible and a case will be forwarded to be proceeded under E&D rules against all concerned.

3. This Issues with the approval of Finance Secretary.

(Ch. Sad Ghani) Section Officer (BR-II) Ph. # 9209243
i. All Federal Secretaries of Ministries 1 Division ii. Accountant General of Pakistan Revenue, Islamabad iii. Controller General of Accounts, Islamabad iv. All Financial Advisers and Deputy Financial Advisers v. All Sub-Offices of AGPR, Lahore, Karachi. Quetta, Peshawar & Gilgit vi. State Bank of Pakistan, Islamabad / Karachi vii. National Bank of Pakistan, Islamabad / Karachi

Finance Division Notification of Revised Procedure for Operation of Assignment Accounts of Federal Government
Finance Division Notification of Revised Procedure for Operation of Assignment Accounts of Federal Government

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