Page 65 - CMA Journal (May-Jun 2026)

S ECT O R I NSIG HT S

Public Sector Transformation and • https://fpcci.org.pk/wp-content/uploads/2025/10/FPCCIs-Perspective
Outlook in Pakistan -on-Moodys-Credit-Rating-Upgrade-for-Pakistan.pdf
• https://gsdrc.org/document-library/changing-approaches-to-public
Pakistan’s public sector, including 190 SOEs, contributes -sector-management/
about 10% to GDP with revenues of Rs. 12.4 trillion in • https://pakistan.gov.pk/ministries
FY2025. Yet losses of Rs. 832.6 billion outweighed the • https://picg.org.pk/wp-content/uploads/2025/03/PUBLIC1-1.pdf
pro ts of Rs. 709.9 billion, adding to accumulated losses • https://pide.org.pk/research/rasta-local-research-local-solutions-
above Rs. 6.5 trillion. Despite privatization e orts and scal-management-volume-xx
governance reforms under the PFM Act 2019 and SOE • https://pipfa.org.pk/WhoWeAre
Act 2023, challenges of accountability, sustainability, • https://pu.edu.pk/images/journal/csas/PDF/15._Iman_Saleem_v29_
and e ciency persist. Strengthening governance, no2_2014.pdf
accounting, and performance management remains • https://pu.edu.pk/images/journal/pols/pdf- les/9-v27_2_20.pdf
essential for transparency and sustainable
development. • https://tsengcollege.csun.edu/blog/what-is-public-sector-
organization
Under the SOE Act 2023, reforms mandate rolling • https://www.brecorder.com/news/amp/40421962
business plans, corporate intent statements, and • https://www.dawn.com/news/1841996
stronger board autonomy, aligning with the 13th • https://www. nance.gov.pk/publications/SOEs_Policy.pdf
Five Year Plan (2024–2029) to drive export led growth
and private investment. Looking ahead, Pakistan aims to • https://www.hrpub.org/download/20180530/UJAF3-12210086.pdf
transition toward transparent, data driven, • https://www.ifac.org/about-ifac/membership/members/pakistan-
performance oriented governance. This includes institute-public- nance-accountants
phased adoption of Accrual Based IPSAS, digitalization, • https://www.nation.com.pk/04-Oct-2024/public-sector-
evidence based policymaking through the Pakistan organizations-what-they-do-and-why-they-matter
Data and Evidence Lab, and enhanced monitoring and • https://www.pacra.com/api/rating-report/MTUzMDE=
evaluation. Supported by the World Bank’s $40 billion • https://www.tandfonline.com/doi/epdf/10.1080/15140326.2022.
Country Partnership Framework (2026–2035), these 2104553?needAccess=true
reforms are expected to strengthen scal discipline, • https://www.worldbank.org/content/dam/Worldbank/Event/ECA/
improve competitiveness, and build public trust while Turkey/tr-soe7-fuad-hashimi.pdf
ensuring sustainable development. • https://www.worldbank.org/en/country/pakistan/brief/country-
partnership-framework-for-pakistan-fy-2026-up-to-fy-2035
References • https://www.worldbank.org/en/country/pakistan/brief/pakistan-
data-and-evidence-lab
• https://bti-project.org/ leadmin/api/content/en/downloads/reports
/country_report_2026_PAK.pdf
• https://blog-pfm.imf.org/en/pfmblog/2025/01/top- ve-trends-in-
the-role-of-the-accounting-profession-on-public- nances-in-2025
• https://documents1.worldbank.org/curated/en/642681468289
189776/pdf/396990PK.pdf

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