IMF Urges Report on Petroleum Smuggling Prevention
The International Monetary Fund (IMF) has requested a report on efforts to combat petroleum smuggling in Pakistan.
Concern Over Monthly Smuggling
The IMF has expressed concern regarding the monthly smuggling of 120,000 tonnes of petroleum products. In Islamabad, the International Monetary Fund (IMF) is turning its focus toward Pakistan’s ongoing struggle. With an alarming monthly influx of 120,000 tonnes of illicitly traded petroleum products, the IMF has voiced its concerns and is demanding accountability.
Report Requested from Finance Ministry and FBR
To address this issue, the IMF has sought a detailed report from both the Ministry of Finance and the Federal Board of Revenue (FBR) outlining the measures taken to tackle. The consistent flow of smuggled petroleum products not only poses a serious economic threat but also raises significant questions about regulatory oversight. This move by the IMF signals its commitment to ensuring.
Ministry of Finance and FBR Under Scrutiny
To address this pressing issue, the IMF has directed its attention to the Ministry of Finance and the Federal Board of Revenue (FBR). Both entities are expected to furnish a comprehensive report outlining the preventive measures they have implemented to curb the smuggling of petroleum products.
IMF’s Commitment to Transparency
The IMF’s increased involvement underscores its dedication to promoting transparency and accountability within Pakistan. By demanding action against petroleum smuggling, the IMF is not only safeguarding Pakistan’s economic health but also emphasizing the significance.