Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akthar, chaired the kick-off meeting of the IMF Technical Assistance Mission at the Finance Division. The mission, led by Fazeer Rahim and Sybi Hida, senior economists from the Public Financial Management Division, included Esther Pérez Ruiz, the IMF Resident Representative in Pakistan, as stated in a press release issued on Wednesday.
During the meeting, the Finance Minister highlighted the imperative to customize recommendations according to the specific needs of the ministry, aiming to enhance the effectiveness of the budget-making process through digitization. The IMF Technical Assistance Mission, represented by Rahim, Hida, and Ruiz, assured their commitment to proposing implementable solutions tailored to the ministry’s requirements.
This collaboration signifies a strategic effort to leverage digital solutions for optimizing the budgetary procedures within the Finance Division. Dr. Shamshad Akthar’s leadership in steering this initiative demonstrates a proactive approach towards embracing technological advancements in financial management.
The IMF mission, comprising seasoned economists, emphasizes the importance of tailoring digitization recommendations to suit the unique challenges and requirements of the Finance Ministry. The goal is to streamline and enhance the efficiency of the budget-making process, ensuring it aligns seamlessly with the evolving landscape of financial management practices.
As the collaboration progresses, the Finance Division can anticipate receiving targeted and practical solutions from the IMF Technical Assistance Mission. These solutions are poised to contribute significantly to the modernization of budgetary processes, aligning them with international best practices.
In conclusion, the kick-off meeting spearheaded by Federal Minister Dr. Shamshad Akthar marks a pivotal step towards embracing digital transformation in the budgetary realm. The commitment to tailored recommendations and implementable solutions underscores a collaborative effort to fortify Pakistan’s financial landscape.
