Pakistan, Feb. 21 -- International Monetary Fund (IMF) Resident Chief in Pakistan Mahir Binici has linked Pakistan's existing economic challenges due to debt burden to Islamabad's inability to generate revenues up to the potential, The News reported on Friday.

"There is a higher burden of taxation on the formal sector," the IMF official said while speaking at a conference on "Retail Reimagined: Innovate, Collaborate and Thrive".

Binici further underscored that a larger fiscal burden arose mainly because there are certain sectors which are not contributing to the national exchequer.

His remarks come as a review mission of the Washington-based lender is set to visit Pakistan in the first week of March to hold review parleys under the $7 ...