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IMF Mission Begins Fiscal Data Review in Pakistan

Findings will feed into IMF board decisions on two December loan tranches.

Overview

  • A four-member team led by Nino Tchelishvili is in Islamabad through November 21 for a technical assistance mission.
  • The review spans fiscal data governance, public finance laws, internal controls, treasury and cash management, procurement, debt reporting, data architecture, and the central bank’s payment systems.
  • Authorities reported a Rs448 billion statistical discrepancy for July–September, including Rs93 billion in untracked federal expenses and Rs354 billion in provincial mismatches.
  • Government sources say the IMF has asked to curb federal supplementary grant powers and requested a special audit of such grants over the past decade.
  • Sources indicate the mission’s report will be shared with IMF executive directors and sponsor countries, with the governance diagnostic and findings tied to approval of roughly $1.2 billion in early December.