Corporate Corner: SAFA Index to come online
Proposal was earlier considered and endorsed by the SAFA GPSEA Committee
KARACHI:
The Board of South Asian Federation of Accountants (SAFA) which met in Colombo, Sri Lanka has approved a proposal initiated by Mohammad Iqbal Ghori, president ICMA Pakistan and Chairman of SAFA Committee on Governmental and Public Sector Enterprises Accounting (GPSEA) to develop a SAFA Index on Public Financial Management (PFM) for SAARC countries. The SAFA PFM Index would be published every year based on PEFA data and analysis and circulated among the government bodies and other stakeholders in SAARC countries for their guidance and reference. A Task Force headed by Mohammad Iqbal Ghori, President ICMA Pakistan and comprising representatives from all the SAFA countries, has been formed to undertake the assignment. The proposal was earlier considered and endorsed by the SAFA GPSEA Committee in its meeting held on 30th October 2017 which onward recommended it to the SAFA Board.
Published in The Express Tribune, November 3rd, 2017.
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