Pak PM Imran Khan gets major setback from World Bank as he returns from US
Pak PM Imran Khan gets major setback from World Bank as he returns from US
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Islamabad: Pakistan's PM Imran Khan returned from a three-day visit to the US on Thursday. The success of Imran's US visit to Pakistan has not yet ended, given that the World Bank has dealt a major blow to Pakistan. According to a report by Pakistan's leading newspaper The Express Tribune, the World Bank's ranking on all 31 parameters of Pakistan's financial management has fallen in a draft report.

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According to the report, Pakistan's budget has lost its credibility in the World Bank assessment and its financial management has been miserably failed. The World Bank has shared the final draft prepared by the 'Public Expenditure and Financial Responsibility' (PEFA) with Pakistan's Finance Ministry in June. The report evaluates Pakistan's budget and financial management during the financial year 2015-16 to 2017-18.

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The report shows how embarrassing the performance of Pakistan's Finance Ministry has been. The ministry failed to discharge its financial responsibility and allowed serious violations of financial regulations. Pakistan was pressing the World Bank to soften its report, but a top World Bank official told the Express Tribune that the report from the lender has been finalized.

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