Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Pakistan’s budget transparency improves 50pc in two years

byCT Report
18/08/2026
in Breaking News, Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: Pakistan’s budget transparency has improved by 50% in just two years, with the country’s score rising from 30 out of 100 in 2023 to 45 in 2025, Advisor to Finance Minister, Khurram Schehzad said while quoting the latest Open Budget Survey (OBS) by the International Budget Partnership (IBP).

According to OBS, the improvement brings Pakistan’s score in line with the global average of 45 and places it ahead of several regional and international peers, including India at 44, Sri Lanka at 43, Bangladesh at 37, Nigeria at 24 and China at 19.

You might also like

Cement Sales Rise 7% in September 2026

03/10/2026

Pakistan plans to import 26 LNG cargoes for winter

03/10/2026

The Open Budget Survey is an independent global assessment of budget transparency, public participation and oversight of public finances. The latest results show that Pakistan made progress in several areas that had been identified as weaknesses in the 2023 assessment.

The Executive’s Budget Proposal score increased from 43 to 57, while the Enacted Budget score rose from 33 to 50. Pakistan also recorded a major improvement in its Year-End Report, which was previously published late, while its public participation score increased from 15 to 22.

The increase in public participation is particularly significant, putting Pakistan above the global average of 17 and the Asia-Pacific average of 18. The improvement reflects efforts to expand stakeholder consultations, strengthen pre- and post-budget engagement and increase parliamentary input into the budget process.

The IBP has also recognized improvements in the timely online publication of the Year-End Report and the availability of more comprehensive information in the Executive’s Budget Proposal.

The latest findings come alongside the U.S. State Department’s fiscal transparency assessment, which also identified a number of strengths in Pakistan’s fiscal framework. The assessment noted that Pakistan’s enacted budget and year-end report were widely accessible, while planned revenues and expenditures were substantially disclosed.

It also recognized generally reliable budget information, independent audit oversight and transparent frameworks for natural-resource awards and public procurement.

The U.S. assessment, however, also highlighted areas where further improvements are needed, including the timely publication of budget documents and fuller disclosure of certain public-sector financial information.

Related Stories

Cement Sales Rise 7% in September 2026

byCT Report
03/10/2026

ISLAMABAD: Pakistan’s cement dispatches increased by 5.95% year-on-year to 4.621 million tons in September 2026, driven mainly by stronger domestic...

Pakistan plans to import 26 LNG cargoes for winter

byCT Report
03/10/2026

KARACHI: The government plans to procure 25 to 26 LNG cargoes from November to February to meet increased gas demand...

Islamabad Customs seizes Rs5.41b narcotics consignment near M-2

byCT Report
03/10/2026

ISLAMABAD: Collectorate of Customs Enforcement has seized narcotics and other items worth approximately Rs5.41 billion during an intelligence-based operation near...

Atif Ikram calls for joint strategy to expand share of Asia-Pacific in global textile trade

byCT Report
03/10/2026

KARACHI: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Atif Ikram Sheikh called for a joint Asia-Pacific strategy...

Next Post

Pakistan faces risk of LPG shortage as security concerns disrupt supply routes

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.