2024: Pakistan implements Cash Management & Treasury Single Account Rules to control fiscal deficit & reduce debt servicing costs, supported by IMF & ADB.
Pakistan's government implemented new Cash Management and Treasury Single Account Rules in 2024 to control fiscal deficit and reduce debt servicing costs. The rules require government entities to provide quarterly lists of bank accounts and enable the Finance Ministry to take over idle public funds in commercial banks. The International Monetary Fund and Asian Development Bank support these measures to improve cash management and consolidate public funds.
April 30, 2024
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