Pakistan's Wealth Fund: IMF demands lead to sweeping changes in governance asset sales
ISLAMABAD, Pakistan - The government has agreed to the International Monetary Fund's (IMF) proposal to rewrite the Pakistan Sovereign Wealth Fund (PSWF) Act. The bill aims to abolish confidentiality in fiscal and governance concerns and prohibit directly selling assets to other nations. According to sources, the administration agreed with the IMF to delete some bill provisions and change others.
These modificat