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IMF Flags Pakistan’s Corruption, Eroding Public Trust, System Favouring Elite
The IMF report links weak enforcement and state dominance to corruption that hinders Pakistan's growth, with a $1.2 billion disbursement contingent on reforms.
- Earlier this week, the International Monetary Fund published a Governance and Corruption Diagnostic finding corruption harms growth and investment, with its release a precondition for a $1.2-billion disbursement next month.
- At Pakistan's request, an interdepartmental IMF team joined by World Bank experts initiated the diagnostic in January 2025, running it over 8 months with two field missions.
- The report found that anti‑money‑laundering/combating financing of terrorism frameworks improved, but enforcement and prosecutions remain weak, and Pakistan's tax and customs systems are opaque and corruption-prone.
- IMF analysis says governance weaknesses depress growth and trust, and estimates Islamabad could boost growth by about 5 to 6.5% over five years if reforms start within next three to six months while Pakistan targets 4.2% growth this year.
- With state dominance and elite capture risks flagged, the diagnostic highlights blurred military‑civil lines and discretionary enforcement amid the controversial 27th constitutional amendment increasing Field Marshal Asim Munir's powers and curtailing the Supreme Court of Pakistan.
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Former BES leader was convicted of 20 crimes of active corruption in international trade and 21 more capital laundering crimes.
·Portugal
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IMF flags Pakistan’s corruption, eroding public trust, system favouring elite
The report comes at a time of the controversial 27th constitutional amendment, which increases the powers of Pakistan Army chief Field Marshal Asim Munir and curtails the powers of the Supreme Court by establishing another court above it.
·India
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6 percent of Pakistan’s GDP is stolen by the military, civil services and politicians due to corruption, Ponzi schemes and Embezzlement.
New IMF report prompts calls for corruption reforms. But experts say that it needs political will, not technical tinkering. A new assessment by the International Monetary Fund (IMF) has concluded that corruption in Pakistan is [...]
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