The International Monetary Fund (IMF) requested that Pakistan decrease its expenditures before the ninth review of a $7 billion loan program.
According to information, the International Monetary Fund (IMF) is dissatisfied with the performance of the Finance Ministry and the Federal Board of Revenue (FBR) and has sought a reduction in expenditures, according to sources.
For the distribution of the loan tranche, the fund has asked the Finance Ministry to provide a report on the rise in expenses caused by floods in Pakistan.
In response, the Finance Ministry informed the IMF that a report with which the fund disagrees will be submitted this month.
According to reports, the fund has asked the FBR to improve tax collection.
Previously, State Minister for Finance and Revenue Ayisha Ghous Pasha stated that the IMF was aware of the increase in expenditures caused by the country’s record flooding.
According to a state minister, the urgency and available resources were utilized to combat the flooding crisis. Pakistan would also request further funding from the IMF.
The International Monetary Fund has requested a report on objectives that could not be met owing to flooding.
 requested that Pakistan decrease its expenditures before the ninth review of a $7 billion loan program.){kind=link}