KP Finance Minister Launches New Reforms in Accounting and Financial Management and Training Program as first step
Islamabad, July 11,
2019—The Minister of Finance,
Khyber Pakhtunkhwa, Mr. Taimur Saleem Khan Jhagra, Auditor
General of Pakistan Javed Jehangir,Secretary Finance Khyber Pakhtunkhwa
Government Shakeel Qadar and other senior provincial and federal government
officials and Country Director World Bank launch the pilot phase of the Public Financial
Management– Professional Accreditation Program for government officials of
Khyber- Pakhtunkhwa and Balochistan provinces here in local hotel Islamabad .
The program is a joint initiative of the provincial governments of
Balochistan, Khyber-Pakhtunkhwa, and the World Bank, under the Governance and
Policy Program, financed by the governments of Australia, Denmark, the European
Union, Finland, Germany, Italy, Netherlands, Norway, Sweden, Switzerland,
Turkey, United Kingdom, and the United States of America. The program is
administered by the World Bank and implemented by the governments of
Khyber-Pakhtunkhwa and Balochistan provinces.
“Strong financial management capacity is critical for efficient
utilization of our resources for better delivery of cost-effective services to
the public”, said Jhagra. “Today’s launch of this program reflects our
governments’ resolve to support skill building among our staff and we are
grateful to our development partners for this initiative. Auditor General Of
Pakistan Javed Jehangir said in his speech that fiscal deficit is major
challenge to Pakistan and this issue will be resolved by the Finance Managers,
Audits and accounts professional to steer out the country from this crises. He
said that the PFM programe will help support the Public Sector finance Manager
to interact with new concept and international best practices in the public
finances.
The program will equip government officials with appropriate skills to
manage public expenditure. The program covers topics such as budgeting,
accounting, project management, cash management, procurement, debt management,
performance management, auditing, public private partnerships and reforms.
Participants who successfully complete the three levels of the program
will receive a Certificate in Public Sector Financial Management, Diploma in
Public Sector Financial Management, and Advanced Diploma in Public Sector
Financial Management issued by the Association of Chartered Certified Accountants.
The program has been developed in partnership with the Finance
Departments of the two provinces, Auditor General of Pakistan, Controller
General of Accounts, national and international experts from local
universities, and the Association of Chartered Certified Accountants. The
Pakistan Audit and Accounts Academy will deliver the training to the first
cohort of 30 government officials during the three-week residential course
which starts on July 15, 2019, in Lahore.
END