The executive authority of the Federation extends to borrowing
upon the security of the Federal Consolidated Fun d within such
limits, if any, as may from time to time be fixed by Act of [155] [Majlis-e-Shoora
(Parliament)], and to the giving of guarantees within such limits,
if any, as may be so fixed.
167.Borrowing by Provincial Government.
(1) Subject to the provisions of this Article, the executive
authority of a Province extends to borrowing upon the security of
the Provincial Consolidated Fund within such limits, if any, as may
from time to time be fixed by Act of the Provincial Assembly, and
to the giving of guarantees within such limits, if any, as may be
so fixed.
(2) The Federal Government may, subject to such conditions, if
any, as it may think fit to impose, make loans to, or so long as
any limits fixed under Article 166 are not exceeded give guarantees
in respect of loans raised by, any Province, and any sums required
for the purpose of making loans to a Province shall be charged upon
the Federal Consolidated Fund.
(3) A Province may not, without the consent of the Federal
Government, raise any loan if there is still outstanding any part
of a loan made to the Province by the Federal Government, or in
respect of which guarantee has been given by the Federal
Government; and consent under this clause may be granted subject to
such conditions, if any, as the Federal Government may think fit to
impose.
Audit and Accounts
168.Auditor-General of Pakistan.
(1) There shall be an Auditor-General of Pakistan, who shall be
appointed by the President.
(2) Before entering upon office, the Auditor-General shall make
before the Chief Justice of Pakistan oath in the form set out in
the Third Schedule.
(3) The terms and conditions of service, including the term of
office, of the Auditor-General shall be determined by Act of
[Majlis-e-Shoora (Parliament)] and, until so determined, by [156] Order of the
President.
(4) A person who has held office as Auditor-General shall not
be eligible for further appointment in the service of Pakistan
before the expiration of two years after he has ceased to hold that
office.
(5) The Auditor-General shall not be removed from office except
in the like manner and on the like grounds as a Judge of the
Supreme Court.
(6) At any time when the office of the Auditor-General is
vacant or the Auditor-General is absent or is unable to perform the
functions of his office due to any cause, such other person as the
President may direct shall act as Auditor-General and perform the
functions of that office.
169.Functions and powers of Auditor-General.
The Auditor-General shall, in relation to-
(a) the accounts of the Federation and of the Provinces; and
(b) the accounts of any authority or body established by the
Federation or a Province, perform such functions and exercise such
powers as may be determined by or under Act of' [157] [Majlis-e-Shoora
(Parliament)] and, until so determined, by Order of the President.
170.Power of Auditor-General to give directions as to accounts.
The accounts of the Federation and of the Provinces shall be
kept in such form and in accordance with such principles and
methods as the Auditor-General may, with the approval of the
President, prescribe.
171.Reports of Auditor-General.
The reports of the Auditor-General relating to the accounts of
the Federation shall be submitted to the President, who shall cause
them to be laid before the National Assembly and the reports of the
Auditor-General relating to the accounts of a Province shall be
submitted to the Governor of the Province, who shall cause them to
be laid before the Provincial Assembly.