PESHAWAR – KP Minister Finance, Taimur Khan Jhagra on Saturday said that Public Financial Management Act is aimed at improving officials’ performance in public fi­nancial management, budgeting, accounting and auditing sectors. He said that new Public Financial Management Act is ready and will be law by this year’s budget, adding it will be the best of its kind in the country. He said that PFM Act will not just codify exist­ing budget procedures into law. The Act will improve budgeting, financial management and trans­parency, and be bold and innovative at the same time, he added. He said the KP gov­ernment was utiliz­ing all available re­sources to ensure transparency in finan­cial matters and undoing corrupt practices.

Source: The Nation May 15, 2022 01:50 UTC