The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, US, April 8, 2019. —Reuters
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The International Monetary Fund (IMF) said Thursday that Pakistan has made significant progress towards staff level agreements on key economic reviews after deep talks on financial reforms, financial stability, and strengthening economic flexibility.
An IMF team visited Karachi and Islamabad from September 24 to October 8, 2025, to first review the expansion fund facility (EFF) reviews and flexibility and stability.
Officials said the talks focus on measures to evaluate Pakistan’s ongoing economic reforms and to strengthen financial stability and stability.
Pakistan and the IMF had ended Wednesday review talks to complete another review under the $ 7 billion expansion fund facility (EFF), and the first installment of $ 400 million under the flexibility and stability facility (RSF) was $ 1.4 billion.
The IMF has set a deadline to get approval from the Cabinet Economic Coordination Committee (ECC) to eliminate two schemes and tighten the third scheme within the current month.
On the tariff regulatory plan, the two sides agreed that the gift scheme for importing both schemes and cars under the rules of the goods would be abolished. For the third scheme, residence transfer, vehicles will be imported from only a country where the individual has been at least one year, and the misuse of the scheme will be reduced.
An official commented that all vehicles, whether Japan or from the UK, are first imported to Dubai and then brought to Pakistan, so the misuse of importers has to be reduced.
Pakistan and the IMF are still working to create a consensus on the release of the GCD Assessment Report, which is the brunt of the dispute between the two sides. According to insiders, the government set up a task force and shared it with the IMF to take a detailed review of the vague anti -corruption framework. The Task Force recommended that the FBR informed the rules of the drafting of the assets of the government employees who served in the basic salary scale 17-22 and their spouse.
It also recommended amending the Government Employees Act, 1973, to allow public employees’ assets and dues. Amending elections to order non -elected advisers and assistants to present the Prime Minister to present his statement about their assets and dues. And making the necessary amendments to the NAB Ordinance and the FIA Act, ensuring clear mandate definitions, preparing a joint crime list, and establishing a harmony between the two agencies to work in harmony with these crimes where both have the jurisdiction.
Further recommendations include providing training to NAB, FIA, and provincial anti -corruption agencies (ACES) officers. Making arrangements to send the FIA investigating officers posted at the airports to act on immigration and seek this responsibility to another force. And investing in technology, ability, and training of FIA, NAB, and provincial ACE investigators so that they can bring them to their regional counterparts.
In addition, the Task Force advised awareness campaigns to promote the culture of integrity among officials and to inform the public about the right to disclose public information under the Information Act and to inform the regulatory framework for reporting corrupt methods. Making provisions for the appointment of lawyers through open advertisement based on specific skills for the appointment of independent members of the legal community in special courts on judicial assignments and making provisions for the appointment of lawyers through open advertising on judicial assignments; And empowering provincial anti -corruption agencies to handle money laundering issues at the provincial level.
These recommendations also include the establishment of the Central Coordination Forum to help address investigations, forensic, intelligence sharing, and jurisdiction. Ensure that Chief Internal Auditors be appointed through the Public Finance Management Act within the required ministries and divisions. And ensuring strict compliance with the Government Business (Governance and Operations) Act, 2023, and that government agencies have been made in accordance with Section 36 of the Public Finance Management Act, 2019.