IMF Urges Pakistan for Officials’ Asset Disclosure and Anti-Corruption Measures

ISLAMABAD — The International Monetary Fund (IMF) has set new conditions for Pakistan to keep its loan program on track. The Fund has stressed stricter anti-corruption measures and greater transparency in government operations.

A key requirement is the online disclosure of assets by senior government officials. Authorities have been directed to publish officials’ assets publicly, marking a major step toward transparency.

The IMF also asked the Pakistani government to prepare an action plan to reduce corruption risks. Provincial anti-corruption agencies are to be strengthened to ensure effective enforcement.

Sector reforms and policy roadmaps

The IMF has called for reforms in key economic sectors. A policy for sugar market liberalization is expected by June. Additionally, authorities must prepare a comprehensive reform plan for the Federal Board of Revenue (FBR). This includes broadening the sales tax base and bringing more products under standard rates.

Changes to the Government Companies Act are also expected to be presented in parliament. The IMF highlighted the need to assess remittance costs and submit a detailed report. A study on constraints in the local currency bond market has been requested to strengthen Pakistan’s financial infrastructure.

Officials say these reforms aim to enhance transparency, improve governance, and support Pakistan’s economic stability under the ongoing IMF program.