Farooq Awan

The government has introduced a comprehensive economic governance reform framework designed at strengthening public institutions, improving decision-making processes and enhancing the overall effectiveness of the state apparatus, according to the Prime Minister’s Economic Governance Reforms (PM-EGR) document.

The reform framework sets out a broad vision to address long-standing structural weaknesses in governance that have constrained economic performance and public service delivery. It focuses on creating a more coherent, accountable and efficient system of governance capable of supporting sustainable economic development and improving public trust in state institutions.

According to the document, the reform agenda seeks to strengthen institutional foundations by improving coordination across government entities, clarifying roles and responsibilities and ensuring that policy formulation and implementation are better aligned. The framework recognises that fragmented decision-making and overlapping mandates have historically undermined effectiveness and slowed policy execution.

A central feature of the reforms is the emphasis on strengthening governance structures at the federal level. This includes improving the functioning of ministries, departments and attached bodies by introducing clearer lines of authority, streamlined procedures and stronger performance management systems. The objective is to ensure that institutions are equipped to deliver on policy priorities in a consistent and accountable manner.

The document highlights the need to enhance institutional resilience by strengthening internal systems, improving organisational capacity and fostering a culture of professionalism within the public sector. By focusing on institutional strengthening, the reforms aim to reduce reliance on ad hoc decision-making and promote continuity in policy implementation.

Another key aspect of the reform framework is improving coordination across government entities. The reforms seek to address long-standing challenges related to fragmented policymaking by promoting greater collaboration among ministries and agencies. Improved coordination is expected to enhance policy coherence, reduce duplication of effort and improve the overall effectiveness of government actions.

The reform agenda also underscores the importance of embedding accountability mechanisms within institutional structures. Clear performance benchmarks, monitoring mechanisms and reporting requirements are proposed to ensure that institutions remain accountable for outcomes and are aligned with national priorities.

According to the Finance Division, the economic governance reform framework is designed to create a more capable, responsive and transparent public sector. By strengthening institutions and improving governance systems, the reforms aim to lay the foundation for sustainable economic growth, improved service delivery and enhanced public trust in government institutions.

The document concludes that successful implementation of the reform agenda will require sustained political commitment, effective coordination among stakeholders and continuous monitoring to ensure that intended outcomes are achieved.

Credit: INP-WealthPk