Islamabad, May 7, 2026 – The Europe Today: The federal government of Pakistan has closed the commercial bank accounts of 66 additional state-owned entities as part of efforts to comply with conditions set by the International Monetary Fund and strengthen financial discipline under the Single Treasury Account (STA) system.
The Ministry of Finance has issued a formal notification expanding the scope of the Single Treasury Account framework to include the newly identified institutions.
According to official sources, approximately Rs300 billion from the bank accounts of these entities will now be transferred to the national treasury. The government has also imposed a ban on the newly included institutions from opening accounts in commercial banks.
Earlier, the Single Treasury Account system had already been implemented for 221 government entities, resulting in the transfer of nearly Rs200 billion to the national exchequer.
The measures have been taken under the Public Finance Management Act, which mandates the implementation of the Single Treasury Account mechanism across all government departments and institutions to improve transparency, cash management, and fiscal oversight.
Officials say the initiative is aimed at centralizing public funds, reducing unnecessary borrowing costs, and ensuring more efficient utilization of state resources.
