Pakistan has started negotiations with the International Monetary Fund (IMF) at the Finance Ministry for the release of a $1.2 billion loan tranche.
The IMF has requested detailed reports on Pakistan’s anti-money laundering measures and steps to curb corruption. Officials said these reports are part of the conditions to secure the loan.
During the talks, the IMF delegation will also be briefed on governance and transparency efforts in federal and provincial institutions. Discussions include the declaration of assets by federal officers from grades 17 to 22 and access to provincial officials’ asset statements.
Pakistan will update the IMF on the creation of provincial-level enforcement agencies to prevent money laundering and ensure compliance with financial regulations. Officials added that delays in finalizing the governance and corruption risk assessment report will also be communicated.
The government will brief the IMF on progress in implementing the National Fiscal Package, transparency measures in development projects, and developments in the capital market. These discussions aim to show Pakistan’s commitment to fiscal reforms and strengthen trust with the global lender.
Officials noted that the current negotiations are part of Pakistan’s ongoing effort to fulfill IMF conditions and maintain economic stability. The release of the $1.2 billion tranche is expected to support fiscal management and provide relief to ongoing development programs.
By focusing on governance, transparency, and anti-money laundering reforms, Pakistan aims to demonstrate compliance with IMF requirements and maintain its standing with international financial institutions.
These talks represent a crucial step in Pakistan’s financial reform agenda and highlight the government’s efforts to align with IMF policies while ensuring long-term fiscal stability.
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