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INSTITUTIONAL REFORMS AND GOVERNANCE

CHAPTER 17. INSTITUTIONAL REFORMS AND GOVERNANCE . T he GOVERNANCE involves interaction of public, private, corporate sectors, and civil society. It shares responsibility for management of sound development by addressing the issues of accountability, transparency, participation, openness, rule of law and predictability. GOVERNANCE is not limited to a single sector or a single stakeholder but is rather a cross cutting, requiring homogeneous strategies and joint actions of multiple stakeholders. GOVERNANCE provides the system in which people have access to justice and the writ of the law is enforced. It is critical to the successful achievement of the strategic thrust, policies, programmes and targets, and prerequisite for economic growth and development. As growth generates income, good GOVERNANCE trickles this effect down to the masses, particularly the poor.

restructuring, institutional reforms, judicial reforms, law and order, professional development, and service delivery. These factors are critical for sustainable development and alleviation of poverty. The Pakistan Vision 2025 provides a realistic and sound framework for meeting the challenges faced by the government.

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