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Speaking at the seminar, organised by The Association of Chartered Certified Accountants (ACCA) at a local hotel in the federal capital, World Bank’s senior financial management specialist Furqan Saleem said that efficiency in services delivery, transparency, reducing corruption, merit-based utilisation of human resources and improving taxes are keys to strengthening public financial management system. Furqan also called for improving taxation system in the country, saying that by bringing more taxes into the system, the government can use it in infrastructure development and improving different government institutions. The expert said that the World Bank was also supporting Pakistan to improve public financial management system through Project to Improve Financial Reporting and Auditing (PIFRA).

He suggested the government to depoliticise state owned entities for making them more and more professional. Speaking on the occasion, Department for International Development (DFID) Governance Advisor Ben French said that Pakistan’s public sector financial management system was far better than many of African countries but it still has lot to improve. He said donors like DFID only seek signals from the government’s willing to improve the public financial management system as no donor need a perfect system.

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