ISLAMABAD: Pakistan has expressed concerns over the International Monetary Fund’s (IMF) Corruption Diagnostic Assessment Report. Officials said the government will soon present a formal response outlining reforms taken to improve governance.
Authorities maintain that the country has already introduced several measures to fight corruption. These include activating the Financial Monitoring Unit to curb money laundering and adopting faceless customs to reduce malpractice. The Federal Board of Revenue (FBR) has also started reforms aimed at making its processes more transparent.
The government stressed that politically exposed persons are now required to declare their assets. New laws also compel civil servants to disclose their wealth, a move designed to ensure accountability. Officials argue that these steps should have been considered before the IMF finalized its findings.
Pakistan shows reservations over IMF corruption report by pointing to its progress in tax reforms. Authorities said these reforms were aligned with IMF targets. A transformation plan is also being implemented to simplify the tax system and reduce leakages.
The government further highlighted fiscal discipline measures. Officials noted that no supplementary grants can be approved without parliament’s consent. They added that all tax exemptions have been abolished, except those agreed with the IMF.
Islamabad’s stance suggests that the IMF’s assessment may not fully reflect the progress achieved in recent years. By preparing a detailed reply, Pakistan hopes to clarify its position and ensure that its governance efforts are recognized.
For related developments, read how the IMF disaster insurance supports Pakistan in covering calamity losses here.
