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Pakistan Publishes IMF Anti-Corruption Diagnostic Tied to $1.2 Billion Tranche

The assessment ties urgent governance fixes to a projected five-year GDP gain, detailing over 90 steps in a 15-point priority plan.

A man stands on a truck packed with watermelons for auction at the Sabzi and Ghalla Mandi (Fruit and Vegetable Market) in Islamabad, Pakistan, May 17, 2025. REUTERS/Adrees Latif
Pakistan Army
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Overview

  • The Finance Ministry released the IMF Governance and Corruption Diagnostic on Nov. 19–20 to meet a prior condition for a $1.2 billion disbursement expected to go to the IMF board next month.
  • The IMF estimates Pakistan could lift GDP by 5% to 6.5% over five years if priority reforms begin within three to six months.
  • The report cites roughly Rs5.3 trillion in corruption-related asset recoveries during Jan 2023–Dec 2024 as only a partial indicator of the broader economic cost.
  • More than 90 recommendations include a near-term 15-point agenda featuring mandatory e-procurement, removal of SOE contracting preferences, FBR restructuring, greater transparency of the SIFC, and public asset declarations by senior officials in 2026.
  • The diagnostic flags high risks of corruption-linked money laundering and weak beneficial-ownership transparency, alongside judicial delays and fragmented enforcement that erode contract certainty and accountability.