IMF raises eyebrows over Rs344b grant
The International Monetary Fund (IMF) has raised concerns over provision of Rs344 billion grants to various sectors without approval from the National Assembly.
Sources said the multilateral lender termed the grant for defence, Independent Power Producers (IPPs) and other sectors without the
nod of parliament a violation of the govt-IMF agreement.
The federal government has additionally spent Rs344.66 billion during the current fiscal year in the shape of grants.
The government doled out Rs115 billion to 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 Rs3.7 billion for the Reko Diq project, Rs520 million for Special Investment Facilitation Council (SIFC) and Rs7 billion for parliamentarians' schemes.
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