The International Monetary Fund (IMF) has demanded a special audit of supplementary grants issued by Pakistan over the past ten years.
An IMF technical mission has arrived in Pakistan to review progress on targets related to the budget process and public finance management reforms.
The mission will assess implementation of goals set for improving the budgetary framework and modernizing public finance management (PFM).
According to sources, the IMF has also proposed limiting the federal government’s powers to issue supplementary grants without parliamentary oversight.
Sources further said that a high-powered committee will be established to oversee the digitized Public Finance Management Master Plan.
The International Monetary Fund delegation is expected to stay in Pakistan for over a week to provide technical assistance to relevant ministries.
