Islamabad September 2 2022: Government of Pakistan has committed with IMF to fully operationalize the treasury single account (TSA-2) by end-December 2022.
To realize the full benefits of the TSA, the Ministry of Finance has created a Treasury and Cash Management Unit and a Cash Forecasting Unit in the Federal Treasury Office in Islamabad. Monthly and quarterly cash forecasts have been developed since January 2022, with technical assistance from the ADB. In March 2022, new guidelines were issued on the implementation of annual and multiannual commitment control systems, to strengthen budget execution and expenditure controls.
Source:
IMF
