Pakistan does not meet minimum requirements of fiscal transparency, says US report

Pakistan does not meet the minimum requirement of fiscal transparency, an official US report has said, alleging the country did not adequately disclose all government-guaranteed debt obligations, including financing to state-owned enterprises for the China-Pakistan Economic Corridor projects. In its annual "2020 Fiscal Transparency Report" issued on Monday, the US State Department said Pakistan was one of the countries that made no significant progress in meeting the minimum requirements of fiscal transparency. Bangladesh is the other country from south Asia to figure in the list that also includes Saudi Arabia, Sudan and China.

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