Kashmir is Pakistan’s jugular vein: Rana Qasim N…

WASHINGTON: Pakistan needs to improve transparency in its public finances and give Parliament and citizens earlier access to key budget and debt information, according to a new US State Department assessment. The department’s 2026 Fiscal Transparency Report said Pakistan had made progress in making financial information publicly available but still faced important gaps, particularly in the timely release of its proposed budget and disclosure of government liabilities. The report noted that Pakistan’s approved budget and year-end financial reports were easily accessible to the public, including online. However, it found that the government did not release its executive budget proposal within a reasonable timeframe. According to the assessment, publishing the proposed budget earlier would give lawmakers and the public more time to examine the government’s spending and revenue priorities before the document is formally approved. The report also raised concerns over limited public information about government debt, especially liabilities linked to major state-owned enterprises. Greater disclosure, it said, would help provide a clearer picture of the country’s financial position and allow Parliament to better assess potential fiscal risks. Despite these shortcomings, the US assessment acknowledged that Pakistan’s publicly available budget documents contained substantial information on planned government revenues and expenditures, including income from natural resources. Pakistan’s auditing system also received a largely positive assessment. The report said financial information was generally reliable and subject to review by the country’s supreme audit institution, which it found to have an appropriate level of independence under international standards. Audit findings were also made available to the public within a reasonable period. The report found that Pakistan had established legal procedures for awarding natural resource extraction contracts and licences and appeared to follow those rules in practice. It also noted that information on public procurement contracts was accessible and described the legal framework governing the country’s sovereign wealth fund as sound. The State Department identified three major areas where Pakistan could further strengthen fiscal transparency: releasing the executive budget proposal on time, providing more detailed information about government debt, including state-owned enterprise liabilities, and bringing military and intelligence budgets under adequate parliamentary or civilian oversight. Overall, the report did not portray Pakistan’s financial system as broadly opaque. Instead, it recognised several areas of progress while calling for stronger parliamentary scrutiny and greater disclosure of information that could help lawmakers and the public understand the country’s fiscal risks.

  ISLAMABAD: Minister of State for Interior Talal Chaudhry has asserted that the ruling coalition will complete its full five-year constitutional term, even as he acknowledged that political speculation intensifies after the two-and-a-half-year mark. The minister addressed a range of pressing political questions, from the possibility of an opposition alliance to the stability of the current government. Chaudhry began by offering a pragmatic observation about Pakistan’s political rhythm. “After two and a half years, the countdown for any government effectively begins,” he said. However, he quickly dispelled any notion that this countdown implies an early end for the present administration. “The five years will be completed in full,” he emphasized, “and the coalition will continue to function in exactly the same manner as it does today.” He expressed complete confidence that the ruling alliance, led by the Pakistan Muslim League-Nawaz (PML-N), remains cohesive and resilient against any internal or external pressures. When questioned about the Pakistan Peoples Party (PPP) – a key coalition partner – Chaudhry delivered a nuanced response. He acknowledged that the PPP possesses a certain political awareness, or “ehsas”, regarding its current position within the alliance. He went further to state that this awareness will only deepen with time. “The PPP has this feeling today, and more feeling will also come,” he remarked, suggesting that as the government progresses, all partners will increasingly recognize the mutual benefits of remaining united. He framed this evolving consciousness not as a threat, but as a natural part of political maturity within a multi-party democratic setup. One of the most emphatic parts of Chaudhry’s interview was his categorical dismissal of any potential alliance between the PPP and the Pakistan Tehreek-e-Insaf (PTI). He stated, “There is no possibility of an alliance between the PPP and the PTI,” calling such speculation unfounded and politically motivated. He further reassured the public and investors alike that the government faces no existential threat from the opposition. According to the minister, the opposition remains fragmented and lacks the numerical strength or public mandate to destabilize the elected administration. Chaudhry then elevated his argument beyond mere political expediency, framing the continuity of the coalition as a national imperative. “It is in the best interest of Pakistan and the entire political system that the current alliance continues to function as it is,” he declared. He warned that any premature disruption of the government would create a dangerous power vacuum at a time when the country is grappling with economic stabilization, security challenges, and the need for institutional reforms. He called on all political stakeholders to prioritize national unity over partisan scores. The minister also took the opportunity to defend the government’s performance on key issues, including inflation management, anti-terrorism operations, and diplomatic engagements. While conceding that difficulties persist, he argued that the government has set the foundation for long-term recovery and that the opposition’s role should be constructive criticism rather than obstructionism. He urged political parties to rise above personal rivalries and focus on the greater good of the nation. In his concluding remarks, Talal Chaudhry made it clear that while the government is not afraid of early elections, it is also not shirking its responsibilities. “We were elected for five years, and we will serve for five years,” he said firmly. He expressed confidence that the public will ultimately judge this administration on its tangible achievements, not on opposition rhetoric. He dismissed the “two-and-a-half-year countdown” as a political cliché rather than a prophecy, reiterating that the coalition will not only survive but thrive until the very last day of its term. Overall, the interview projected an image of a self-assured government determined to see through its tenure, while subtly reminding its coalition partners – especially the PPP – that their long-term political futures are best secured within the existing fold. Whether this confidence will translate into political reality remains to be seen, but for now, Chaudhry’s message was unambiguous: the alliance is stable, the system is strong, and the government is here to stay.