[1] It is headed by a provincial minister with the coordination of a finance secretary.

The major functions of Finance Department are:[2] Following are the main Wings of Finance Department to perform and manage the functions of the department:[3] Punjab Revenue Authority is Semi Autonomous Revenue Administration for the collection of tax on services in the province.

[4][5][6] Local Fund Audit (LFA) Department is responsible for personnel administration of the Treasuries and Local Fund Audit establishments.

[7] Risk Management Unit (RMU) is the fiscal guardian for projects using Public Private Partnership (PPP) approach for procurement of infrastructure projects.

The purpose of the Fund is to generate revenue for the discharge of pension liabilities of the Government.