ISLAMABAD, September 2, 2025: Pakistan has expressed reservations over the International Monetary Fund’s (IMF) Corruption Diagnostic Report. Officials argue that the report ignores major reforms introduced by the government to curb corruption and improve governance.

Pakistan to Submit Detailed Response to IMF

Authorities confirmed that Pakistan will present a full reply to the IMF. The response will highlight reforms, transparency measures, and new accountability initiatives.

Financial Monitoring and Anti-Corruption Moves

The Financial Monitoring Unit (FMU) is active against money laundering. The government has also taken steps to track financial crimes and ensure stronger oversight.

FBR Tax Reforms and Faceless Customs

The Federal Board of Revenue (FBR) has introduced faceless customs to reduce malpractice. New tax reforms aim to increase transparency and simplify the tax system.

Asset Declarations for Officials and Politicians

Pakistan has made it mandatory for politically exposed persons (PEPs) to declare assets. Civil servants are also required by law to disclose their wealth. Officials say these steps strengthen accountability.

IMF Report Criticized for Ignoring Reforms

Government officials stated that the IMF should have reviewed these measures before drawing conclusions. They believe the report does not reflect Pakistan’s real progress.

Fiscal Discipline and Parliamentary Oversight

The government stressed that supplementary grants cannot be issued without parliament’s approval. This move ensures greater fiscal control.

Tax Exemptions Abolished

All tax exemptions have been abolished except those agreed with the IMF. Officials say this shows Pakistan’s commitment to financial transparency.

Governance Indicators Improving

Authorities claim that Pakistan’s governance indicators have improved. Stronger anti-corruption steps, tighter financial monitoring, and reforms in public institutions are already in place.