On Friday, April 26, 2024, Mr. Tariq Bajwa, Special Assistant to the Prime Minister, Finance Division addressed the participants of 35^th SMC on “Public Finance Management”. Lecture delved into Public Finance Management in Pakistan, beginning with an overview of its structure. It scrutinized the Expenditure Budget and its allocation principles, emphasizing prioritization and reallocation strategies. Challenges were identified, with proposed strategies for enhancing the financial system’s efficiency. Local resource generation and effective public debt management were highlighted as critical aspects. Additionally, the discussion touched upon fiscal federalism, including the NFC Award and post-18th amendment issues, outlining the complexities between the federation and provinces.