Banking operationsDay-1 session-2B

Laws Relevant to Govt Banking

Regulations related to government transactions

2

• FTRs

• APPM

• BD Manual

Federal Treasury Rules Banking and non Banking Treasuries Functions of non banking treasuries has been

taken over by District Accounts offices DAOs prepare government accounts and

submit to AGPR FTRs deal with procedures to be followed at

Treasuries, SBP Offices agencies of SBP & Government Departments dealing with Treasuries & SBP

Provides basic principles and safeguards for making payments or withdrawing amounts

Federal Treasury Rules.....Rule 29: Adjustments in Federal Government's

accountRule 79 : Clearing of cheques of banks received

as Govt. receipt.a) Initially preliminary receipt will be issuedb) Final receipt only on realization of the proceedsc) Any clearing charges will be born by the partyRule 86 :-Non Issuance of Duplicate Challansd) In no case duplicate challans will be issuede) In case of need only a certificate to effect will be

issuedRule 95 Note.3 : Issuance of CPR duly stamped

Federal Treasury Rules.....

Rule.141: authorization of officer and communication of name & specimen signature

Rule 148: Supply of cheque books by DAO to Dos exemption Defence, Railways

Rule.151:Cheque book series intimationRule 155:- Loss of Blank Cheque Marking stop paymentRule 156 :-Protective cross entryRule 157: CrossingRule 161 :-Correction/alterationa) No cheque would be issued with correction/alterationb) In case of need new cheque would be issuedc) Cutting in cheque form

Federal Treasury Rules......Rule 162:- Validity of chequea) Payable at any time within 3 months after the month of issueb) On expiry of currency period no validityc) If a cheque has not been claimed or has not been presented

and paid within the valid period it is stale and may not be negotiated

Rule 165 :-Stop paymentd) On receipt of advice from drawer mark stop paymente) If such cheque presented than return it by writing “PAYMENT

STOPPED” across the chequeRule 168: Assignment Account Withdrawls amount & placing in drawing account not allowed Assignment of GPO Rule 170 : Reimbursement To NBP

172-174 : specimen signatures intimationRule 180: authority for receiving payment When a person who is not the actual payee or

authorised agent he will have to produce authority letter

Rule 430: Identification of payee 457-460: Daily accounts Scrutiny772: Validity of Draft

Accounting Procedure and policy Manual Purpose of this Manual is to set out the

detailed policies and procedures to be used in accounting for the Government of Pakistan’s financial transactions

an overview to the accounting system Processes of budgetary control, expenditures

and receipts. Processes of bank reconciliation and financial

reporting.

The Accountant General Pakistan Revenues (AGPR) is responsible for

the centralised accounting and reporting of federal transactions

for the consolidation of summarised financial information.

receives accounts and reports from the DAOs, Federal Treasuries and SBP/NBP, and

provide Annual Accounts (to the AGP) and Consolidated Monthly Accounts (to the Federal Finance Division).