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Summary World Bank has approved $2.35 crore for the improvement of financial reporting and audit system in Pakistan.
The credit has been approved with an aim to further increase the accuracy and credibility of financial reporting, public financial management and oversight at all level of the government, said a press statement on Friday. The development of an accounting, reporting and auditing system that covers all levels of government is notable as these achievements place Pakistan at the forefront of Public Financial Management reform in the South Asian region, said Rachid Benmessaoud, World Bank Country Director for Pakistan.
