IMF mission to inspect regulatory, judicial system
The government on Sunday said the International Monetary Fund (IMF) was scrutinising the judicial and regulatory system as part of the ongoing $7 billion Extended Fund Facility (EFF) to address governance and corruption vulnerabilities. A technical mission of the IMF is in town for a week-long examination of six key governance-related sectors and institutions, the Ministry of Finance said in a statement. Pakistan made a commitment with the IMF in October to strengthen institutional capacities to fight corruption, support inclusive growth, and provide a level playing field for businesses and investments. As a result, a structural benchmark had been set to publish by July 2025 a report on the Governance and Corruption Diagnostic Assessment (GCDA) to analyse critical governance and corruption vulnerabilities and identify priority structural reforms moving forward, the ministry said. Sources said the mission would also be engaging with leading members of the superior judiciary besides the leadership of the financial, revenue, and election bodies to review their process.