Government Initiates Sweeping Audits of State Firms to Boost Private Competition

Government planning special audits of state-owned enterprises in major sectors like power, transport, finance, oil & gas based on IMF advice
Aimed at identifying barriers limiting private sector participation and ensuring fair competition
Comes as part of IMF's Public Investment Management Assessment (PIMA) recommendations
Competition Commission of Pakistan asked to undertake studies to boost competition and encourage private investments
Reforms underway to improve oversight of public-private partnerships and state enterprises