TRADE & ECONOMY

Pakistan Seeks IMF Extension to Publish Corruption & Governance Report

Pakistan seeks more time from the IMF to release its Corruption & Governance Report as virtual talks continue on wheat procurement, provincial taxes, and post-flood economic reforms.
2025-10-11
Pakistan Seeks IMF Extension to Publish Corruption & Governance Report

The government of Pakistan has sought additional time from the International Monetary Fund (IMF) to publish the much-anticipated Corruption and Governance Diagnostic Assessment Report, according to sources in the Finance Ministry.

The request came during ongoing virtual negotiations between Pakistan and the IMF on four key issues that are critical for reaching a staff-level agreement under the current bailout program.

Finance Ministry officials revealed that the IMF has pressed Islamabad to ensure disclosure of assets of government officials and finalize a mechanism for transparent wheat procurement, either through open-market purchases or private sector involvement.

Sources said that while the IMF continues to emphasize transparency and governance reforms, Pakistan’s economic team has requested leniency on certain structural benchmarks to expedite the agreement process.

“The government has sought time to release the Corruption and Governance Report,” one source said, adding that some technical aspects of data verification and inter-departmental coordination were still being finalized.

Meanwhile, the provinces have also sought more time to implement the income tax on agricultural income, citing the severe impact of floods on the agricultural economy. Provincial governments maintain that immediate enforcement could further burden farmers already facing crop losses and financial hardship.

The IMF’s governance and anti-corruption framework aims to enhance fiscal transparency and ensure accountability in public spending. Its publication is a crucial precondition for the next phase of financial disbursements.

Pakistan’s economic managers are hoping to conclude the staff-level agreement soon, balancing the IMF’s reform expectations with domestic challenges, particularly in the agriculture and governance sectors.