ISLAMABAD – The International Monetary Fund (IMF) has asked Pakistan to domore to overcome the losses of state-owned enterprises and boost revenuecollection.
As technical talks concluded on Friday, the global lender asked thePakistani government to increase electricity and gas tariff, increase GSTon petroleum products to 18% and privatise the state-owned entities runningin loss.
It also sought limited state intervention in economy through privatisationof state-owned entities and demanded regular audit of the publicinstitutions. The IMF delegation also laid stress on privatisation of LNGpower plants, promotion of tax culture and eradication of corruption.
The visiting IMF team asked the Pakistani government to reduce losses ofthe Pakistan International Airlines (PIA) and Pakistan Steel Mills.
Read Top Stories
On conclusion of technical talks, the two sides will start policy-levelnegotiations tomorrow.
The IMF delegation is visiting the South Asian country for ninth review ofthe $7 billion loan programme stalled since September last.
