Overview
The Directorate of Finance is the premier accounting office of the Workers Welfare Board Sindh. Directorate of Finance is responsible for pre-audit & payments of all types Pay & Allowances, Administrative Expenditure, Works related Expenditures, & Welfare Grants. Directorate of Finance is also responsible for the compilation of accounts on Monthly/ Quarterly/ Annual basis.
In order to improve efficiency & quality of work, this Directorate carries out internal audit of Secretariat Training Centre, Industrial Home, Education Directorate under Workers Welfare Board Sindh at regular intervals for early pointation of errors (if any) and then subsequent rectification.
Despite of limited resources, this Directorate achieves these tasks through dedicated human resources and strict quality control checks under supervision of Director Finance.
VISION
Disbursement of Welfare Grants (Talent Scholarships, Marriage Grants, and Death Grants) to the eligible and poor Industrial Workers and their Children.
NEW INITIATIVE
Enhancing the budget for disbursement of Welfare Grants by collection of Workers’ Profit Participation Fund from Industries under the supervision of Director Finance Mr. Abdul Basit Bullo belonging from the prestigious Pakistan audit & Accounts Service.
KEY INITIATIVES
As per Sindh Companies Profits (Workers’ Participation) Act, 2015, published in the Sindh Gazette on 16th May, 2016 companies are required to maintain ”Workers Participation Fund” @ 5% of its profit for disbursement amongst the eligible workers. In the wake of 18th Constitutional Amendment, Sindh Workers Welfare Fund Act, 2014 has been established by the Govt. of the Sindh to facilitate the workers in the Province of Sindh. As per SWWF Act, 2014 “Workers Participation Fund” has been established for depositing these contributions/ collections are allocated / disbursed the as per following formula:
2% Of The Net Total Income Of Establishment Having More Than Rs.5,00,000/- In a Year. 5%The Left Over Amount Of Workers Profit Participation Fund Deposited Directly By Establishments.
After enactment of Sindh Workers Welfare Fund Act, 2014 in the wake of 18th Constitutional Amendment, SRB (Sindh Revenue Board) is the collecting authority of Workers Welfare Fund and Workers Participation Fund for the said purpose. SRB A has collected _______ from some industries under the above mentioned heads.
FUNCTIONS
- Pre-audit & Payment of Welfare grants i.e. Talent Scholarships, Marriage Grants, and Death Grants
- Pre-audit & Payment of Administrative Expenditures i.e. Pay & Allowances, operating expenses/contingencies, Advances, Employees’ Personal Claims etc
- Pre-audit & Payment of Construction/ Works related Expenditure
- Issuance of Payment Cheques for payments after pre-audit
- Internal Audit of Schools, Construction/ Works related Expenditure
- Compilation & Preparation of Accounts, expenditure statements and Cash books on monthly/ quarterly basis
- Preparation of budget and demand of funds as per requirement
