- Lectures focused mainly on economic reforms and fiscal stability.
- 2 car import schemes are mixed; Rules for transfer transfer rules tightened.
- $ 2 billion Eff Review, 1. $ 400 MIO
Pakistan and International Monetary Fund (IMF) have made significant progress towards a staff agreement on important financial reviews, the fund said on Thursday after detailed discussions on tax reforms and financial stability measures.
An IMF team visited Karachi and Islamabad from September 24 to October 8, 2025 to hold discussions about the second review of the extended fund facility (EFF) and the first review during the resilience and sustainability facility.
Officials said the negotiations focused on assessing Pakistan’s ongoing economic reforms and the steps needed to strengthen fiscal stability and sustainability.
Pakistan and the IMF were scheduled to conclude review interviews on Wednesday for the end of the second review under the expanded fund facility (EFF) and the first Tranche of $ 400 million under Resilience and Sustainability Facility (RSF) of $ 1.4 billion.
The IMF has set a deadline to obtain approval from the Cabinet’s Economic Coordination Committee (ECC) for the abolition of two schemes and the tightening of the third within the current month.
On the customs rationalization plan, both sides agreed that the two schemes under the luggage rules and the gift form for the import of cars would be abolished. In the third scheme, the transfer of residence is imported, vehicles only from a country where the individual has been staying for at least one year and abuse of this scheme will be limited.
An official commented that all vehicles, whether from Japan or Britain, are first imported to Dubai and then brought into Pakistan so that the abuse of imported cars must be limited.
Pakistan and the IMF are still working to develop a consensus on the release of the GCD assessment report, which remains a bone of dispute between the two sides. According to Insids, the government created a task force to conduct a detailed review of the vague anti -corruption frame and shared it with the IMF. Task Force recommended that FBR notify the draft rules on “The statement of assets for officials earning in the basic salary scale 17-22 and their spouses.”
It also recommended to make changes to the law on officials, 1973, to allow for the publication of assets and obligations by officials; Make amendments to the Electoral Act to give a mandate to non-elected advisers and special assistants to the Prime Minister to make their declaration of assets and obligations; and make the necessary changes to the Nab Regulation and the FIA Act to ensure a clear mandate definition, prepare a common offense list and establish coordination mechanisms between the two agencies to work harmoniously on offenses where both have jurisdiction.
Additional recommendations include giving education in jurisdiction boundaries to officers of NAB, FIA and provincial anti -corruption institutions (ACEs); To arrange events to repatriate investigative officers of the FIA who were sent at airports to treat immigration and task of responsibility to another strength; and investment in technology, capacity building and training of the FIA, NAB and provincial ESS investigators to bring them on par with their regional colleagues.
In addition, the Task Force advised to conduct attention campaigns to instill a culture of integrity among officials and educate the public about their right to seek publication of public information under the law on the right to information and on a legislative framework for reporting corrupt practice; To make provisions for the appointment of lawyers through open advertising based on specific expertise to ensure the prosecution of quality and to appoint independent members of the legal fraternity in special courts for legal duties; and empowering provincial anti -corruption institutions to deal with cases of money laundering at provincial level.
The recommendations also include the establishment of a central coordination forum for help with investigation, forensic technology, intelligence sharing and addressing jurisdictional issues; to ensure that the head of internal auditors is appointed within ministries and departments as required by the Public Economy Act; and ensures strict compliance with state -owned companies (governance and operations) law, 2023, and that government units are run in accordance with section 36 of the Public Financial Management Act, 2019.
