Islamabad:
The International Monetary Fund (IMF) has raised concerns about the provision of RS344 billion. Grants to different sectors without approval from the National Assembly.
Sources said the multilateral lenders called the grant of defense, independent power producers (IPPs) and other sectors without
Nodded by parliament a violation of the Govt-IMF Agreement.
The federal government has also used RS344444.66 billion during the current financial year in the form of grants.
The government designated RS115 billion for IPPS, RS30 billion to flood victims in Sindh and RS6 billion to the Federal Board of Revenue (FBR).
Similarly, it spent RS14 billion on solarization, RS23 billion on anti-terrorism initiatives and RS2 billion on technology upgrades.
Likewise, the government also released the RS3.7 billion to the REKO DIQ project, RS520 million to Special Investment Facilitation Council (SIFC) and RS7 billion for parliamentarians’ schemes.
