ISLAMABAD: International Monetary Fund (IMF) voices concern about revolving debt in Pakistan’s gas sector Citing a source, ARY News reported on Thursday.
A source told ARY News that an IMF delegation visited the petroleum department and held talks with senior officials. The Secretary of the Petroleum Division briefed the IMF delegation on the measures taken by the central government.
“The IMF delegation expressed concern over revolving debt in the gas sector. and immediately emphasized reforms in the energy sector,” the source said.
read: IMF calls for property declaration of public servants of Pakistan
IMF officials confirmed that Petroleum department officials took action against gas theft. In addition to taking the necessary steps to stop technical losses in this sector.
IMF officials recorded tough demands before releasing a $1 billion bailout package on the second day of talks with the Pakistani government to unlock stalled funding from the $7 billion bailout. dollar
Following technical talks with the Federal Board of Revenue (FBR), the International Monetary Fund (IMF) delegation also discussed preparations for this month’s mini-budget announcement.
read: IMF urges Pakistan to increase tariffs in second round of talks
“The IMF is calling for tariffs from Rs 600 to Rs 800 crore while the Pakistani government is negotiating a reduction to Rs 200 crore,” a source told ARY News.
Previously, the International Monetary Fund (IMF) urges Pakistan to revise the law for declaring property of civil servants.
The IMF mission arrived in Islamabad on Jan. 30 to discuss the ninth review of the $7 billion Extended Fund Facility (EFF).
read: The government is confident that the IMF team will increase the electricity tax.
According to Federal Board of Revenue (FBR) sources, the IMF insists on making public announcements on government officials’ assets. International lenders have also asked bureaucratic details of offshore property. the source said
The IMF also called for the creation of a body to disclose the assets of government officials, according to the source.
The lender has called for the construction of movable and government official properties abroad to ensure transparency and accountability, according to the source, calling for transparency in the electronic property declaration system.
“The property of civil servants will be checked before opening a bank account,” the source said. “The bank will receive information from FBR for opening a government official account.”
