Government of Pakistan Finance Division (Expenditure Wing)has issued the Notification regarding Public Financial Management (PFM) act-2019 and disbanding of the office of financial advisers’ organization. According to the details of this letter;
The undersigned is directed to state that Government of Pakistan has enacted an Act titled “Public Finance Management Act, 2019” on 30th June, 2019 to strengthen management of Public Finance to improve and implement the fiscal policy for better macro-economic, financial and budgeting management. The Section-28 of the Act states that;
“28. To assist Principal Accounting Officers in financial management, there shall be chief finance and accounts officer positioned in Ministries and Divisions and financial advisers’ organization shall stand disbanded.”
2. In pursuance of the Section-28 of the Act the office of Financial Advisers’ Organization is disbanded I abolished.