ISLAMABAD, May 13: The visiting five-member IMF review mission was told here on Monday that the external shocks and continued deployment of troops on borders have “overrun the expenditure” during the current financial year.

Official sources told Dawn that the review mission headed by IMF’s senior director Klaus Enders held a detailed meeting with the officials of the ministry of finance and was told that Pakistan was trying its best to increase its revenues, exports and foreign exchange reserves.

The mission, which had earlier met minister for finance and governor of State Bank last week, was informed that the reduction in imports were causing problems to collect required taxes. The CBR official, they said, were hoping to collect Rs407 billion by June 30 this year against the revised target of Rs414 billion.

Likewise the mission was informed that the government will be able to mange $9 billion exports before the end of 2001- 2002.