A technical delegation from the International Monetary Fund (IMF) has called for stricter monitoring of Pakistan’s public finance management, governance, and budget utilisation, emphasizing the need for greater transparency and modern oversight mechanisms.
Key Highlights:
- The IMF team proposed a modern model to improve budget efficiency and enhance strict monitoring.
- Pakistan’s Ministry of Finance briefed the delegation on the country’s budget release strategy and development project monitoring.
- For the 2025-26 fiscal year, the government is considering establishing a special monitoring cell for real-time tracking of development funds.
- The IMF recommended restricting new funding allocations until previously released funds are fully utilised to ensure financial discipline and prevent unnecessary expenditures.
- During discussions, the IMF reviewed Pakistan’s budget formulation process and suggested several technical improvements in the Budget Call Circular.
- Pakistan’s next budget will incorporate IMF recommendations, focusing on financial discipline and enhanced transparency in fund allocation.
This move aims to ensure timely oversight of funds and strengthen Pakistan’s financial governance structure.
