KP to develop PFM roadmap


Staff Reporter


The Khyber Pakhtunkhwa Government is developing Public Financial Management (PFM) reforms strategy and roadmap that would strengthen governance and policy-driven planning, strengthening of fiscal management, resource mobilization, fiscal decentralization and reforms roadmap for the entire KP including the Newly Merged Districts. In this connection, the Secretary Finance Atif Rehman chaired the deliberation session on draft PFM Reforms Roadmap Matrix. SNG-II PFM Advisor Waqas Paracha briefed the chair and participants about the progress on the roadmap development and proposed to hold stocktaking of all PFM related reforms which will help in one consolidated PFM strategy for the province which will then approved by the cabinet. The Secretary Finance instructed the Finance Department to form a PFM Reforms committee of line departments and nominate their focal persons for coordination. Finance Department, Planning and Development (P&D), Local Government, KP Revenue Authority (KPRA), Excise and Taxation, KP Board of Revenue, Energy, Irrigation, Mines, Health and Education Departments are the key stakeholders of this reform agenda.

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