Analysis of Public Financial Management of Pakistan

Abstract

Project to improve financial reporting and Auditing (PIFRA) is an initiative taken by the Government of Pakistan to reform public sector accounting and auditing. These reforms have been implemented in all levels of government; this study aims to evaluate the impact of these reforms on public financial management of Pakistan. The study was used questionnaire to gathered primary and secondary date from government institutions which are working under ministry of finance and academic bodies which are involved to provide training and other services related to the accounting and auditing work. The 84 questionnaires have been collected out of 100 questionnaires and purposive sampling was persuasive convenient used to collect data. The equally of questionnaire is distributed in all provinces of Pakistan, (Punjab, Khyber Pakhtunkhwa (KPK), Sindh and Baluchistan) among the respondents those who are working under the above offices of Government of Pakistan and have knowledge and experience of government accounting and auditing. The results of this study were significant and positive that PIFRA reforms are necessary to enhance the performance of employees in the governmental sector of Pakistan.