Pakistan Pushes Back on IMF Over Reforms
Pakistan to Submit Detailed Response to IMF, Highlights Anti-Corruption Measures
ISLAMABAD – Pakistan will submit a comprehensive response to the International Monetary Fund (IMF) report, officials said, emphasizing the reforms and measures taken to curb corruption and improve governance in the public sector.
The government maintained that governance indicators in Pakistan have shown significant improvement. Key initiatives cited include the activation of the Financial Monitoring Unit to tackle money laundering and corruption, as well as the introduction of faceless customs and broader transformation reforms in the Federal Board of Revenue (FBR) aimed at reducing malpractice.
Pakistan’s position also underlines that measures such as declaring the assets of politically exposed persons (PEPs) and requiring civil servants to disclose their assets through legislation have already been implemented.
Officials stressed that the IMF’s Governance and Corruption Diagnostic Mission should have taken these steps into account before drawing its conclusions.
The government further insisted that tax reforms carried out by the FBR were fully aligned with IMF targets. A comprehensive transformation plan is also underway to simplify the country’s tax system.
In addition, Pakistan highlighted that supplementary grants require parliamentary approval, a measure aimed at strengthening fiscal discipline. All tax exemptions have also been abolished, except those specifically agreed with the IMF.
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