A team from the International Monetary Fund (IMF) has recently evaluatedthe status of Pakistan’s state-owned enterprises and has declined to accepta report submitted by the Pakistani government, as per sources on Monday.These findings come amidst ongoing technical-level discussions between thePakistani government and the IMF.
The IMF has pressed the government to take steps to increase its revenue toalign with the targets established in the Staff-Level Agreement reached inJuly. Specifically, the Fund has urged the government to enhance itsrevenue collection to reach Rs6,670 billion by June 2024.
Furthermore, the Federal Board of Revenue has been requested to provide adetailed breakdown of revenue collection by sectors, offering a morecomprehensive view of the financial landscape.
Notably, the IMF’s team expressed dissatisfaction with the report submittedby the government regarding the losses incurred by state-owned enterprises(SOEs).
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Their rejection of the report was primarily based on the outdated figureswithin it, and they have requested that a fresh report be prepared,focusing on losses incurred during the first quarter of the currentfinancial year.