-Advertisement-

Pakistan Assures IMF of Accelerating Anti-Corruption Reforms

- Advertisement -

Pakistan has pledged to accelerate governance and anti-corruption reforms as part of an agreement with the International Monetary Fund (IMF). This includes making government officials’ assets publicly available by December 2026. Authorities plan to introduce a digital system for collecting and managing these declarations, with the Federal Board of Revenue developing an online platform for submissions.

The country is also strengthening international agreements to recover illicit wealth abroad, creating a digital database to track frozen, recovered, and repatriated assets. A comprehensive anti-corruption action plan will be developed by October 2026, with progress reports issued every six months. Greater autonomy for the National Accountability Bureau (NAB) is promised, along with a national corruption risk assessment this year.

- Advertisement -

A joint task force on anti-money laundering and counter-terror financing will be established, comprising NAB, the Federal Investigation Agency (FIA), FBR, the Auditor General, and the Securities and Exchange Commission of Pakistan (SECP). The process for appointing the NAB chairman will also be improved to ensure a merit-based, transparent, and open selection system.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

Meta Faces Gemini AI Capacity Shortage, Delaying Projects Amid Infrastructure Bottleneck

Meta faced a significant capacity crunch around March, unable...

Andy Burnham Criticizes Trump’s Instability, Likely Next UK PM

Labour Party lawmaker Andy Burnham is in line to...

Alanna Ubach Hails Jessica Cauffiel for ‘Legally Blonde’ Role

Alanna Ubach Acknowledges Jessica Cauffiel's Role in Legally BlondeAmerican...

President Zardari Signs Finance Bill 2026 into Law

President Asif Ali Zardari endorsed the Finance Bill 2026...
-Advertisement-