After hanging on to it for nearly six months, Pakistan finally fell in to IMF pressure and released the audit report of Covid-19 spending, revealing over Rs40 billion in operational problems.
Misprocurement, payments to ineligible recipients, cash withdrawal through bogus fingerprints, and procurement of substandard items by Utility Stores Corporation (USC) for consumption were among the findings of the Auditor General of Pakistan (AGP), a constitutional body.
The release of the report by the Ministry of Finance is one of five pre-conditions set by the IMF for Pakistan to get the $1 billion loan tranche by January of next year.
