ISLAMABAD:

Prime Minister Shehbaz Sharif has sought an explanation for missing three International Monetary Fund (IMF) conditions, as Punjab blames the Centre for weak revenue projections and withholding its share of taxes — a shortfall that led to the province breaching its cash surplus target.

Sources said the federal government believes the target was missed due to Punjab's overspending on development, despite both governments being led by the PML-N.

The premier had asked for a response from the Ministry of Finance and the Federal Board of Revenue to The Express Tribune's story regarding Pakistan missing three key IMF targets.

The newspaper reported that Pakistan missed the conditions on meeting the Rs12.3 trillion tax target, collecting Rs50 billion from traders and generating over

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