President Arif Alvi urges Pakistan, Azerbaijan to boost audit cooperation

March 02, 2024 (MLN): To enhance financial accountability, Pakistan and Azerbaijan should increase cooperation between their supreme audit institutions to share best auditing practices, as urged by President Dr. Arif Alvi during a meeting with the Chairman of the Chamber of Accounts of the Republic of Azerbaijan.

The Auditor General of Pakistan (AGP), Muhammad Ajmal Gondal, and officials of the AGP also attended the meeting.

He said that public sector accounting was a critical component of financial management within government organizations that helped ensure transparency and accountability in government spending.

Chairman of the Chamber of Accounts of Azerbaijan (CAA), Vugar Gulmammadov, briefed the President about the Memorandum of Understanding (MOU) signed between the Supreme Audit Institution of Azerbaijan, CAA, and the Supreme Audit Institution of Pakistan, AGP, for peer reviews of public accounts.

He said that the MoU would help deepen friendly relations between the two countries.

The President lauded the signing of the Memorandum of Understanding between AGP and CAA, saying that it would increase cooperation between the two countries in the field of Public Sector Auditing.

He added that cooperation between CAA and AGP would be mutually beneficial for both countries.

He also appreciated AGP’s role in carrying out peer reviews of the Supreme Audit Institution (SAI) of Azerbaijan.

Talking to the delegation, the President said that Pakistan accorded special importance to its relations with Azerbaijan, which were based on common faith, shared history, and people-to-people contacts.

He stated that promoting cultural exchanges and strengthening cooperation in the cultural and economic fields was vital for fostering understanding and mutually beneficial development between the two brotherly nations.

He termed the cooperation between Pakistan and Azerbaijan “pivotal for promoting peace, stability, and development in the region”.

The President also felicitated President Ilham Aliyev of Azerbaijan on his re-election in the Presidential elections held on February 07, 2024 and hoped that the bilateral relations between Pakistan and Azerbaijan would be further strengthened during his tenure.

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