ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan to augment the budget allocated for the Benazir Income Support Program (BISP) and has proposed the leasing or selling of government-owned enterprises, including Utility stores.
The IMF’s recommendations emphasize the need for Pakistan to reassess the role of the private sector in managing Utility stores, possibly through privatization or collaboration.
Furthermore, the IMF has expressed concerns about the leadership of state-owned enterprises, deeming it detrimental to the economy given the current economic circumstances.
The suggestion implies a call for reforms or restructuring in the management of these enterprises. As of now, reports indicate that the Pakistani government has not responded to the demands presented by the IMF.
However, there is acknowledgment that discussions are ongoing regarding the potential increase in the Benazir Income Support budget.
The outcome of these deliberations will likely have significant implications for Pakistan’s economic policies and the management of key public welfare programs.