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PR No.120 FINANCE MINISTER CHAIRS MEETING ON COORDINATION BETWEEN MINISTRY OF FINANCE, SBP AND FBR Islamabad

Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization, Senator Mohammad Ishaq Dar, chaired a meeting at the Ministry of Finance today to review the coordination arrangements between the Ministry of Finance, State Bank of Pakistan and the Federal Board of Revenue (FBR).

Governor SBP, Mr. Ashraf Mahmood Wathra, Finance Secretary and Officiating Chairman FBR participated in the meeting and apprised the Finance Minister of various measures taken by the respective organizations to ensure seamless coordination amongst the three organizations. They also briefed the Minister on the mechanisms put in place for reconciliation of financial flows between the three organizations.

The Finance Minister appreciated the measures taken by the Ministry of Finance, SBP and FBR and stated that effective inter-organizational coordination was essential for smooth functioning of the government. He encouraged meeting participants to find solutions for faster reconciliation of revenues and expenditures between the organizations. He said that efforts should be made to achieve further efficiencies with regard to implementation of other policy directives within the three organizations. He said that smooth working between Ministry of Finance, SBP and FBR had been an important factor in achieving the economic objectives and the whole country was benefitting from the dividends.

The meeting was also attended by senior officials of SBP and Ministry of Finance.

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