Federal Minister for Law and Justice Senator Azam Nazeer Tarar on Tuesday directed preparation of a comprehensive roadmap to improve Pakistan\u2019s performance on key governance indicators, with immediate, medium and long-term measures.
\nHe was chairing the first meeting of the Prime Minister\u2019s Committee on Key Governance Indicators, attended by Minister of State for Law and Justice Barrister Aqeel Malik, Secretary Finance, Secretary Cabinet Division and other relevant federal and provincial officials.
\nThe meeting was briefed on Pakistan\u2019s recent macroeconomic stabilization efforts, credit ratings and their linkage with governance indicators.
\nIt was informed that Pakistan\u2019s credit rating had shown positive progress over the past two years following macroeconomic stabilization measures.
\nThe meeting was further informed that data used in credit rating assessments was generally around two years old, resulting in a delay in reflecting the impact of ongoing reforms and improvements in international ratings.
\nThe briefing highlighted the interconnectedness of economic stability, improved credit ratings, lower borrowing costs and stronger governance.
\nThe minister directed a detailed review of the sub-components of governance indicators and their assessment methodology. He called for identification of practical and measurable reforms suited to Pakistan\u2019s prevailing circumstances and institutional structure.
\nHe also directed that relevant international and regional best practices be examined, stressing that models from other countries should not be adopted mechanically and must be aligned with Pakistan\u2019s own circumstances and institutional requirements.
\nThe meeting decided to constitute a Sub-Committee comprising subject specialists to work on improving governance indicators. The committee will review key aspects and submit its recommendations and comprehensive roadmap to the main committee within one week.
\nSenator Azam also directed preparation of a focused interim report containing immediately implementable measures, with clear responsibilities for federal and provincial levels under the proposed reforms.
\nHe further directed that, alongside improvements in governance, measures aimed at enhancing Pakistan\u2019s international standing and country credibility should also be proposed.<\/p>\n","protected":false},"excerpt":{"rendered":"
Federal Minister for Law and Justice Senator Azam Nazeer Tarar on Tuesday directed preparation of a comprehensive roadmap to improve Pakistan\u2019s performance on key governance indicators, with immediate, medium and long-term measures. He was chairing the first meeting of the Prime Minister\u2019s Committee on Key Governance Indicators, attended by Minister of State for Law and […]<\/p>\n","protected":false},"author":2,"featured_media":566174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-566169","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national"],"yoast_head":"\n