The Pakistan government plans to conduct special audits on various departments to enhance performance and transparency in order to meet IMF demands. The audit will cover state-owned companies such as Sui Southern Gas Company, HESCO, PESCO, and others. New taxes on textiles and sugar are expected to address tax collection shortfalls.
ISLAMABAD: The Pakistan government has decided to conduct a special audit of various departments to improve their performance, ARY News reported.
According to details, the Pakistan government assured the International Monetary Fund (IMF) of uplifting the performance of its departments and introducing transparency.
According to an official document, Pakistan has shared its plan for a special audit with the international lender. The caretaker government has directed the Auditor General of Pakistan (AGP) for a special audit.
Sui Southern Gas Company, Hyderabad Electric Supply Company (HESCO) and Peshawar Electric Supply Company (PESCO) and other state departments will be audited.
Read more: Pakistan shares collection plan with IMF under petroleum levy
Earlier it emerged that the Pakistan government reportedly assured the International Monetary Fund (IMF) of imposing new taxes worth Rs18 billion, monthly.
The sources say the development comes after “do more” demands of the International Monetary Fund.
The government assured the IMF of slapping additional taxes on textiles and sugar to meet the expected shortfall in tax collection.
Source: ARY NEWS
Summary:
Pakistan’s government has initiated a special audit of various departments to enhance their performance and ensure transparency, in line with commitments made to the International Monetary Fund (IMF). The Auditor General of Pakistan has been directed to conduct the special audit, focusing on entities such as Sui Southern Gas Company, HESCO, and PESCO. Additionally, the government has pledged to impose new taxes on textiles and sugar to address the anticipated shortfall in tax collection, demonstrating its commitment to meeting IMF demands.
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