Sources within the Finance Ministry told Propiyatani that a benchmark of several International Monetary Fund (IMF), which is associated with the privatization of Pakistan’s power distribution companies (Disco), is incomplete.
Officials confirmed that the preparation of a policy action plan for the privatization and transaction of the power distribution companies is an important standard that can still be finalized.
According to sources, according to the latest economic review, five of the 22 structural standards set by the IMF, five cannot be fully implemented yet.
In addition, the process of publishing corruption and public diagnostic reports is still pending. The amendment to the public -owned businesses (SAES) Act has not been completed, which is another important part of the IMF needs.
The IMF has also demanded amendment to the independent Wealth Fund law, which has been part of an incomplete benchmark. In addition, Pakistan has not yet completed the Public Finance Management (PFM) Act Recording, which is another important state of the IMF.
Finance sources acknowledged that meeting these structural reforms is very important to unlock Pakistan’s ongoing economic program and further support of the IMF.