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ISLAMABAD – The ministry of finance has clarified that expenditures of the ministry of overseas affairs diplomatic missions overseas wouldn’t be slashed below the austerity plan owing to foreign money depreciation impact.
“15 p.c lower (on an annualised foundation) shall be utilized in present expenditure (Non-ERE) of all Ministries / Divisions/Hooked up Departments / Sub-ordinate Places of work / Autonomous Our bodies, and so forth,” mentioned ministry of finance in a notification. It defined that there can be no lower on expenditures of ministry of overseas affairs expenditure on diplomatic missions overseas owing to foreign money depreciation impact. The notification acknowledged that obligatory adjustment within the finances of the ministries and divisions shall be made by the involved principal accounting officers (PAOs).
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