Prime Minister Shehbaz Sharif has constituted a 15-member committee, headed by the federal finance minister, to improve economic governance and strengthen oversight mechanisms across key sectors, following concerns raised by the International Monetary Fund (IMF) over weaknesses in Pakistan’s institutional framework.
The committee has been established as part of the prime minister’s broader economic governance reform agenda aimed at enhancing institutional performance, accountability, and policy coordination.
The committee will submit quarterly reports to the prime minister on progress and recommendations.
Members of the committee include the finance secretary, law secretary, planning secretary, Special Investment Facilitation Council (SIFC) secretary, information technology secretary, establishment division secretary, secretary of the Law and Justice Commission, secretary of the Board of Investment, chairman of the Securities and Exchange Commission of Pakistan (SECP), Governor of the State Bank of Pakistan, chairman of the Competition Commission of Pakistan (CCP), managing director of the Public Procurement Regulatory Authority (PPRA), director general of the Tax Policy Office, and the additional auditor general.
The additional secretary finance will serve as secretary to the committee, while the Ministry of Finance will provide secretarial support.
The move follows the release of the IMF’s Governance and Corruption Diagnostic Assessment Report in November 2025, which highlighted governance-related weaknesses in Pakistan’s economic management.