The Auditor General of Pakistan (AGP) declined the International Monetary Fund’s (IMF) suggestion for conducting special audits of state-owned companies (SOEs)
The IMF demanded special audits of SOEs, such as Sui Southern Gas Company Limited (SSGCL), Hyderabad Electric Supply Corporation (HESCO), and Peshawar Electric Supply Company (PESCO).
The AGP maintained that any audit proposed without considering terms of reference (ToRs) and specified risk areas would be a duplication of efforts with the same observations/results.
According to a senior official of the Finance Division.”The energy industry has been a constant burden on the public treasury. The power sector produced an accumulated financial burden of Rs1.6 trillion, greater than defense spending of Rs1.4 trillion.”
The 7th and 8th reviews of the IMF EFF Programme have been completed. In addition, the Memorandum of Economic and Financial Policies (MEFP) provided other actions relevant to ministries/divisions/organizations.
 declined the IMF suggestion for conducting special audits of state-owned companies (SOEs)){kind=link}