The Ministry of Planning briefed the IMF about the action plan and the steps taken so far. This year’s technical mission report has identified loopholes in Pakistan’s public investment management and recommended the measures needed to strengthen it. However, other selection criteria to guide the allocation of limited budget resources for PSDP projects are not in place. The IMF report has identified many loopholes in implementation and monitoring systems and recommended improvement in ex-post evaluation and for more active portfolio oversight. Some mechanisms are in place to ensure alignment between strategic plans, national goals and investment projects that can help achieve them.

Source: The Express Tribune November 09, 2023 11:15 UTC