PM Forms Committee to Strengthen Economic Governance Systems After IMF Observations

Web Desk | 4 months ago

Islamabad has witnessed a significant development in economic management as the Prime Minister has formed a high-level committee to strengthen economic governance systems following observations made by the International Monetary Fund (IMF) regarding governance gaps.

The Federal Minister for Finance has been appointed as the chairman of the 15-member committee. According to government officials, the committee is part of the Prime Minister’s broader economic governance reform agenda and will submit quarterly reports on its progress.

Key officials, including the Secretary Finance, Secretary Law, and Secretary Planning, have been included as committee members. The government expects the committee to prepare comprehensive recommendations aimed at sustainable governance improvements.

The committee further includes the Secretary of the Special Investment Facilitation Council (SIFC), Secretary IT, and Secretary Establishment Division to ensure coordination across economic and administrative sectors. The Secretary Law and Justice Commission and the Secretary Board of Investment have also been made members.

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Regulatory and technical bodies are also represented through the participation of the SECP Chairman, Governor State Bank of Pakistan, and Chairman Competition Commission (CCP). In addition, the MD of PPRA, DG Tax Policy Office, and the Additional Auditor General are part of the committee.

The Additional Secretary Finance will serve as the committee’s secretary, while the Ministry of Finance will provide full secretarial support. Officials say the formation of this committee is aimed at improving policy formulation and its effective implementation.

The development comes in the backdrop of the IMF’s Governance and Corruption Diagnostic Assessment Report released in November 2025, which stated that improved governance could significantly boost Pakistan’s economy. According to the report, effective implementation of governance reforms could increase Pakistan’s GDP by 5 to 6.5 percent.