{"id":61112,"date":"2020-02-09T10:00:21","date_gmt":"2020-02-09T05:00:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61112"},"modified":"2020-02-07T17:54:39","modified_gmt":"2020-02-07T12:54:39","slug":"punjab-govt-seeks-world-bank-loan-implement-financial-reforms","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/punjab-govt-seeks-world-bank-loan-implement-financial-reforms.html","title":{"rendered":"Punjab govt seeks World Bank loan to implement financial reforms"},"content":{"rendered":"\n

Islamabad: The Punjab government is seeking a loan worth USD 180 million from the World Bank<\/a> (WB) to implement its \u2018Punjab Public Resource Management Programme\u2019 for improving resource mobilisation in the province, a news source reported.<\/p>\n\n\n\n

Read:<\/strong> World Bank approves loans for power projects<\/a><\/p>\n\n\n\n

The estimated cost of the said initiative is USD 304 million; including the loan amount sought from the international financial institution. To this effect, the World Bank\u2019s executive board is expected to address the provincial executive\u2019s request in August.<\/p>\n\n\n\n

Read: <\/strong>Punjab mulls interest-free loans for NPHP<\/a><\/p>\n\n\n\n

The programme holds immense significance as it would align Public Financial Management (PFM) and tax system with the federal frameworks. Additionally, it would enhance the PFM reforms and new tax administration practices at the level that most affects the common citizen.<\/p>\n\n\n\n

Read:<\/strong> Excise Punjab to move tax exemption system online<\/a><\/p>\n\n\n\n

The programme is linked\nwith the development plans of Punjab Growth Strategy 2023 and the PFM strategy,\nwhich is undergoing modifications based on the assessment of Public Expenditure\nand Financial Accountability (PEFA).<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: The Punjab government is seeking a loan worth USD 180 million from the World Bank (WB) to implement its \u2018Punjab Public Resource Management Programme\u2019 for improving resource mobilisation in the province, a news source reported. Read: World Bank approves loans for power projects The estimated cost of the said initiative is USD 304 million; including the loan amount sought from the international financial institution. To this effect, the World Bank\u2019s executive board is expected to address the provincial executive\u2019s request in August. Read: Punjab mulls interest-free loans for NPHP The programme holds immense significance as it would align Public Financial Management (PFM) and tax system with the federal frameworks. Additionally, it would enhance the PFM reforms and new tax administration practices at the level that most affects the common citizen. Read: Excise Punjab to move tax exemption system online The programme is linked with the development plans of Punjab Growth Strategy 2023 and the PFM strategy, which is undergoing modifications based on the assessment of Public Expenditure and Financial Accountability (PEFA).<\/p>\n","protected":false},"author":76,"featured_media":60311,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[18271,14535,15133,4438],"persona":[],"class_list":{"0":"post-61112","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-punjab-public-resource-management-programme","8":"tag-financial-reforms","9":"tag-punjab-govt","10":"tag-world-bank"},"acf":[],"yoast_head":"\nPunjab govt seeks World Bank loan for financial reforms - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Punjab government is seeking a loan worth USD 180 million from the World Bank (WB) to implement its \u2018Punjab Public Resource Management\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/punjab-govt-seeks-world-bank-loan-implement-financial-reforms.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab govt seeks World Bank loan for financial reforms - 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