The International Monetary Fund (IMF) has warned Pakistan to take immediate action against corruption and political harassment in corruption cases.
The International Monetary Fund (IMF) Executive Board on September 25 approved Pakistan’s 37-month Extended Fund Facility (EFF) arrangement of about US$7 billion.
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The 37-month Extended Fund Facility arrangement aims to support Pakistan’s economic stability and growth, with key policy goals including sustainable public finances, reduced inflation, and strengthened external buffers.
As per details, the monetary fund has emphasized the need for an effective investigation system to combat corruption, suggesting that the National Accountability Bureau (NAB) be made more independent and effective in line with the top court’s decision and called for an action plan to eliminate corruption by June 2025.
Furthermore, the global financial body has stressed the importance of digitizing the Federal Board of Revenue (FBR) to make public declarations of assets of all government officials, including parliamentarians.
