The International Monetary Fund (IMF) raised critical concerns over contradictions in Pakistan’s words and actions during the final day of economic review talks.
Officials stressed the need for stronger governance, transparency, and anti-corruption measures amid ongoing negotiations.
The IMF mission highlighted discrepancies between the government’s statements and policy proposals, particularly criticizing the draft law that would exempt parliamentarians from declaring assets.
Officials urged Pakistan not to extend the tenure of key officials, including the National Accountability Bureau (NAB) Chairman, and recommended faster verification of assets for senior government officials. The IMF also stressed the importance of sustainable reforms to boost tax collection and fiscal discipline.
Government promises fiscal measures
During the talks, the Pakistani government assured the IMF of its commitment to fiscal discipline, including the collection of Rs1,468 billion in petroleum levy. Officials also expressed confidence in securing financing from friendly nations, including Saudi Arabia, and detailed ongoing austerity measures.
The IMF was briefed on progress toward achieving a primary surplus and stabilizing foreign exchange reserves. However, officials noted a potential delay in the privatization of electricity distribution companies, which remains under discussion.
Negotiations
Ministry of Finance officials described the talks as constructive, with efforts underway to reach a staff-level agreement. In case of delays, additional virtual negotiation rounds are expected to resolve pending issues, particularly regarding the financing gap and shortfalls in tax revenue.
The IMF emphasized the need for transparent governance, strict anti-corruption measures, and timely implementation of reforms to maintain investor confidence and fiscal stability.
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