Essay --

ACCOUNTABILITY AND TRANSPARENCY IN GOOD GOVERNANCE GROUP MEMBERS-Saba naz (51) - Fizza Farrukh (16)RESEARCH ARTICLE According to Etounge ManguellaGood Governance implies presence of rule of law, shelter of human right, existence of honest government, accountability, transparency, predictability and opennessIt is a legitimate, accountable, and effective way of obtaining and using public power and resources in the pursuit of widely-accepted social goals.Good nerve has got great significance in our state as the problems of corruption, red tapism and inefficiency crept in the internal structure of our country. Today tidy governance not only occupies important place in our state but also regarded as crucial element in building nation. Nation cannot flourish in the absence of good governance. It is the need of an hour. Without the presence of good governance, no country can play pivotal role in the orb. It is regarded as the soul of country. Governance is very pertinent in eve ry sphere of life, whether it is house or office, good governance is needed to perform effectively. It also provides strong foundation for the developmental process. right Accountability is one of the major characterstic of good governance. Lack of accountability has been creating tension since independence. Improper us get along with of funds, increasing rate of inflation, Pakistan is also under debt trap. It is all happening collectible to absence of accountability. Corruption can easily be removed with proper channel of accountability. Check and balance is very essential for the maintenance of fundsThis is the age of living transparently. A visible change has been brought in the culture of all financial players Finance Ministry an... ...many facets of the State machinery, particularly those that have an interface with the public. v) Lack of credibility the gap between the intent and the actions of some institutions in society. vi) Inadequate application of rules, evasion of taxes and failure in getting timely justice. vii) Existence of a world-shaking number of voiceless poor with little opportunities for participating. viii) Deterioration of physical environment in the urban and rural areas The World Bank has recently released a give out on governance indicators for the period 1996-2004 covering 209 countries. The report, covering six governance indicators including voice and accountability, political stability, government effectiveness, regulatory control, rule of law, and control of corruption, shows that Pakistans ratings lodge low and have somewhat deteriorated over the period.