I am delighted to know that Pakistan Institute of Public Finance Accountants (PIPFA) is organising a Public Finance Management Conference. It is a good initiative to deliberate on public financial management issues thus increasing its awareness among the public and to start fruitful deliberations among the professionals on various facets of this critical area of knowledge.
Robust public financial management systems are indispensable for effective and sustainable economic policies and public service delivery. Governments are efficient and accountable when they are supported by good public finance systems. Public money, generated from taxes levied on citizens is a great responsibility on the shoulders of any government that has to be dispensed with greater transparency. All over the world governments are strengthening their financial management and reporting systems to follow the best practices in disclosures and accountability.
We hope that this conference will highlight all those challenges, which Pakistan is facing with respect to the financial management of the public funds. It is expected that the Conference will deliberate on the techniques and mechanism for reporting and efficient utilisation of public funds in a befitting manner.
ICMA Pakistan is one of three governing stakeholders of PIPFA and every year the National Council of the Institute nominates its three members on the Board of PIPFA to ensure that PIPFA shall continue to progress to meet the growing need of Public Accountants in our economy. In the last more than 22 years, PIPFA has significantly progressed towards its purpose of establishment. It is highly commendable that PIPFA has produced 6700 specialised professional accountants who are serving in the public and corporate sectors.
I am optimistic that PIPFA's initiatives for this conference of international stature will open up new vistas of opportunities. The ideas generated through this conference will enhance the Institute's standing in the public sector enterprises. It would also help in delivery of strong public financial management system in Pakistan and pave the way for enhancing the level of excellence for public finance management through capacity building and professional development of members of PIPFA and public servants serving in the government.
I believe that such conferences would bring in experts into meaningful discussion so as to share their skills, expertise and experience to serve in public interest and build confidence, capacity and enhance governance processes in public sector institutions in Pakistan.
I wish all the success to PIPFA on organising the Public Financial Management Conference.
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