US Calls for Enhanced Oversight of Pakistan's Public Finances

The US State Department's Fiscal Transparency Report urges Pakistan to enhance parliamentary oversight of public finances, recommending public budget proposals, detailed government debt data, and parliamentary review of military budgets. Pakistan's Foreign Office affirmed adherence to international practices and its IMF program for structural reform. The report highlights issues like optimistic revenue targets and limited parliamentary debate on allocations, despite budget documents being publicly available. Sustained improvements in fiscal transparency are vital for Pakistan's economic stability and could influence investor confidence.

بحوالہ / Source: www.brecorder.com