Minister for Finance Ishaq Dar chaired a meeting to review the co-ordination arrangements among Ministry of Finance, State Bank of Pakistan and Federal Board of Revenue (FBR) on Friday. Governor SBP 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 organisations to ensure better co-ordination among the three organisations, says a press release issued here.

They also briefed the minister on the mechanisms put in place for reconciliation of financial flows among the three organisations.

The finance minister appreciated the measures taken by the Ministry of Finance, SBP and FBR and stated that effective inter-organisational co-ordination was essential for smooth functioning of the government. He encouraged the participants of the meeting to find solutions for faster reconciliation of revenues and expenditures among the organisations.

He said that efforts should be made to achieve further efficiencies with regard to implementation of other policy directives within the three organisations.

He said that smooth working among Ministry of Finance, SBP and FBR had been an important factor in achieving the economic objectives and the whole country was benefiting from the dividends.-PR

Copyright Business Recorder, 2017