ISLAMABAD, May 7, 2026 — The Ministry of Finance (MoF) has expanded the coverage of Pakistan’s Treasury Single Account (TSA) framework by adding 66 new public entities, according to an official circular issued on Thursday.
The ministry has already covered 221 entities under Single Treasury Account.
The Treasury Single Account is a government cash management system designed to consolidate public financial resources into one or multiple linked accounts, enabling centralized monitoring of receipts and payments.
According to the ministry, the expansion is being carried out in consultation with the State Bank of Pakistan (SBP) and the Office of the Controller General of Accounts as part of ongoing public financial management reforms.
The TSA framework is anchored in the Public Finance Management Act, 2019, and Article 78 of the Constitution, which requires that all federal revenues, loans, and funds form part of the consolidated fund.
The law defines public entities broadly, including statutory bodies, corporations, trusts, funds, and other institutions that are fully or partially financed by the federal government or supported through taxes and levies.
The ministry said the expansion aligns with the Cash Management and Treasury Single Account Rules, 2024, which introduced a “sweeping arrangement” system. Under this mechanism, funds in designated accounts are transferred to the federal consolidated fund at the end of each banking day and restored before the next banking session.
Officials said the rules empower the Finance Division to extend TSA coverage through notifications and allow phased implementation across different types of bank accounts.
While the government is broadening the system, it has emphasized sensitivity toward the operational autonomy of public entities, particularly those linked to defence and security.
The federal government currently includes ministries, divisions, attached departments, and a wide range of autonomous bodies such as authorities, corporations, and trusts operating with varying levels of financial independence.
The Finance Ministry said future expansion will continue based on policy guidelines under the 2024 rules, with most current accounts of public entities expected to be brought under TSA unless exempted by law or official approval.
Separately, officials highlighted that the TSA initiative is being complemented by Pakistan’s broader “cashless economy” drive, aimed at digitizing government payments and receipts.
Under this initiative, salaries, pensions, social protection transfers, vendor payments, tax collections, and utility bill payments are being shifted to digital platforms.
The government also plans to introduce sub-accounts of public entities at the State Bank of Pakistan to further streamline transactions and reduce reliance on commercial banking channels.
