ISLAMABAD - International Monetary Fund (IMF) has shown concerns over less tax collection, borrowings from State Bank of Pakistan and budget deficit during its meeting with Planning Commission. Planning Commission (PC) sources told TheNation that the IMF Mission, led by Juan Carlos Di Tata, convoyed to the PC to give a special focus to tax-to-GDP ratio improvement, reduce government borrowings from the central bank and tighten the budget deficit in its input on long-term macroeconomic framework. The Mission appreciated formation of the Planning Commission's Panel of Economists and reorganisation, the sources added. "They came to understand what the PC was taking measures and doing on integrated macroeconomic framework." Deputy Chairman PC Salman Faruqui along with the members and chief economist Dr Rashid Amjad briefed the visiting delegation. The IMF Mission is on a ten-day visit to analyse the current financial crisis and suggest remedies to overcome it. The Panel of Economists is assigned to give recommendations for long-term macroeconomic framework. A PC release says the PC presented a detailed analysis of the economic situation and development programmes being undertaken to meet the current economic challenges. "They were apprised of the measures being taken to rationalise and prioritise development projects and steps under way to provide direct income support to the poor and vulnerable groups." Pakistan's tax-to-GDP ratio is the lowest in the South Asian region, which has been hovering around 10 per cent of GDP for the last many years despite initiation of multibillion rupees reforms programme. The region's tax-to-GDP ratio is over 16 per cent. Officials of Federal Board of Revenue, the national tax collecting body, also admit at least Rs 500 billion revenue loss annually on account of tax evasions. However, they blame that the federal govt is responsible for it, as it has kept an important agriculture sector out of FBR net, which is a provincial subject.  The agriculture sector contribution in total size of the economy is over 20 per cent and its contribution in tax collection is less than 2 per cent. If the government decides to give the agriculture sector in the FBR jurisdiction, it will have to amend the Constitution. The government is heavily relying on the central bank borrowings to fill the gap between its income and expenditure and this is also fuelling inflation. During the last financial year, the government borrowed Rs 688.7 billion from the SBP, whereas the total budget deficit stood at Rs 777.2 billion.