SARAWAK TREASURY MALAYSIA (PMS) FORMERLY KNOWN AS THE SARAWAK FEDERAL FINANCE OFFICE (PKPS) WAS ESTABLISHED IN 1967 THROUGH TREASURY CIRCULAR NUMBER 11 OF 1967. PMS PLAYS A ROLE IN IMPLEMENTING AND CONTROLLING MATTERS AND AFFAIRS RELATED TO THE FINANCIAL ADMINISTRATION OF THE FEDERAL GOVERNMENT IN THE STATE OF SARAWAK . DURING ITS ESTABLISHMENT IN 1967, PMS WAS HOUSED IN THE ELECTRA HOUSE BUILDING, JALAN BAN HOCK, KUCHING.
IN 1971 THROUGH TREASURY CIRCULAR NO. 2/73, THE SARAWAK FINANCE OFFICE AND SARAWAK'S FINANCIAL FUNCTIONS WERE ABOLISHED. THE FINANCE FUNCTION WAS ABSORBED INTO THE FINANCE DIVISION, MINISTRY OF SARAWAK AFFAIRS.