Over View The Finance Minister of Pakistan heads the Ministry of Finance and serves in the Prime Minister's

cabinet. The Minister is required to be a member of the Parliament. The current finance minister is Abdul Hafeez Shaikh. Shaikh has served since March 18, 2010 and was Senator with the PML-Q prior to this appointment; also a former World Bank executive, he is noncontroversial and highly regarded in the international financial agencies. When Pakistan was formed in 1947, Ghulam Muhammad served as its first Finance Minister of Pakistan. Finance Secretary of Pakistan is the highest bureaucratic position within the Ministry of Finance of Pakistan.The current Finance Secretary is Dr Waqar Masood Khan who took over in December 2010 vice Salman Siddiq. When Pakistan was formed in 14-AUG-1947 Sir Victor Turner was first Secretary Finance. The Finance Division deals with the subjects pertaining to finance of the Federal Government and financial matters affecting the country as a whole, preparation of annual budget statements and supplementary/excess budget statements for the consideration of the parliament accounts and audits of the Federal Government Organization etc. as assigned under the Rules of Business, 1973. Moreover, Finance Division maintains financial discipline through financial advisors organization attached to each Ministry/Division etc. To pursue sound and equitable economic policies that
put Pakistan on the path of sustained economic development and macroeconomic stability with a view to continuously and significantly improving the Quality of life of all citizens through prudent and transparent public financial management carried out by dedicated professional.

Quality Assurance Program has been launched in the Finance Division (GOP) from January 2006 to effectively control and improve its operational Quality, Performance and customer satisfaction. The prime focus of this program is to increase its customer satisfaction level, raise its service Quality, Improve internal working efficiency and give the ministry a strong local and global credibility. Vision To manage the National economy in the most efficient and effective manner both at the Macro and micro level. Mission To pursue sound and equitable economic policies that put Pakistan on the path of sustained economic development and macroeconomic stability with a view to continuously and significantly improving the quality of life of all citizens through prudent and transparent public financial management carried out by dedicated professionals. Quality Policy To provide the most effective and efficient services to the federal government, provincial governments and the citizen of Pakistan. Objectives

To enhance the performance level of the ministry of finance and its associated offices by adopting and implementing internationally recognized Quality Management system (QMS)/model of ISO-9001-2000 Quality Frame work The basic frame work/model chosen for this function is ISO-9001-2000 standard Leadership style The leadership style in Finance Division is collaborative, cooperative and team work. Values Good fearing Striving for perfection in each process. Honesty and truthfulness. Respect for dignity and pride of all employees at all levels. Self Accountability. Quality Approaches The following basic approaches apply; Quality is every employees commitment to excellence in his /her scope of work. Quality will be converted into, measured by, and then controlled through the quality objectives. Quality Assurance is a decentralized function and its leadership lies with the respective additional Finance Secretaries. Quality is not just a process of problem detection during or after work, but more of a problem solving as well as continuous improvement processes of the entire Ministry.