Advertisement
Categories: NewsPakistanPolitics

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.

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
News Desk

Recent Posts

Scientists Unearth First Dinosaur Bone in Antarctica After 40-Year Hike

Scientists Unearth Ancient Fossil in British Antarctic Survey A fossil, stored for 40 years in…

55 seconds ago

Iranian Cyberattacks Against Israel Surge Amid US-Israel Offensive This Year

Iranian cyberattacks on Israel have surged since the US-Israeli offensive against Iran began this year.…

9 minutes ago

Keke Palmer Steals Spotlight from Druski at 2026 BET Awards

Keke Palmer Made Waves at 2026 BET Awards At this year's BET Awards, hosted by…

1 hour ago

Philippines Leads Solar Rush Amid Rising Power Prices, Meralco Raises Rates Post-Iran Conflict

The Philippines has become the world's largest spender on solar panels since the war in…

1 hour ago

CCP Approves CCP-Approved Acquisition of Pakistan Oxygen’s Liquid CO₂ Plant by Pak Arab Fertilizers

Approves Acquisition The (CCP) has approved the proposed acquisition of the liquid carbon dioxide (LCO₂)…

2 hours ago

AJK Budget Session Today: Rs286B, 7% Salary Rise, Education & Health Boosts

The Azad Jammu and Kashmir Legislative Assembly session convened today to present a budget worth…

2 hours ago