The International Monetary Fund (IMF) has asked Pakistan to provide a detailed progress report on anti-money laundering measures as negotiations continue in the Finance Ministry for the release of the next tranche under the $7 billion loan program.
According to officials, the IMF has requested updates on multiple fronts, including the Governance and Corruption Risk Assessment Report. The global lender also wants details on the establishment of provincial-level enforcement agencies to curb money laundering and corruption.
The delegation will further be briefed on legislative steps regarding asset declarations of government officers from grades 17 to 22 and improved access to provincial officers’ asset statements.
Focus on fiscal reforms and transparency
The Finance Ministry will also present progress on the National Fiscal Package, capital market developments, and the government’s strategy for greater transparency in development projects. Officials confirmed that the IMF will be informed about delays in finalizing the Governance and Corruption Risk Assessment Report.
The Fund has also asked to review Pakistan’s performance in the first quarter of the current fiscal year, with technical discussions taking place ahead of policy-level negotiations.
The government is hopeful that with the successful conclusion of talks, Pakistan will secure the next tranche of $1 billion, subject to IMF board approval. So far, Pakistan has already received $2.1 billion under the agreement reached in September 2024.
