As IMF deadline looms, SOEs asked to tighten governance

ISLAMABAD: To meet a deadline set by the International Monetary Fund, the Ministry of Finance has directed all state-owned enterprises (SOEs) to adopt standard regulations and reporting manuals for their operational protocols, business plans, board appointments and financial audits to minimise fiscal risks for the state. The ministry’s Central Monitoring Unit (CMU) issued directives on Oct 31, the IMF-mandated deadline, instructing all ministries and divisions … Continue reading As IMF deadline looms, SOEs asked to tighten governance