On Wednesday, a team of International Monetary Fund (IMF) experts met with Pakistan’s Auditor General to review audit procedures and transparency in the public sector.
According to the Ministry of Finance, the IMF delegation is currently in Pakistan to perform a Governance and Corruption Diagnostic Assessment (GCDA). During their stay, officials emphasized that Parliament serves as the main accountability forum, traditionally led by the Leader of the Opposition or their designated representative, who chairs the Public Accounts Committee responsible for auditing governmental institutions.
The IMF mission also engaged with key regulatory bodies, including the Federal Board of Revenue (FBR) and the Securities & Exchange Commission of Pakistan (SECP).
- FBR officials briefed the delegation on their digitalization efforts to enhance transparency in the taxation system and drive tax reforms.
- SECP officials provided insights into ease-of-business measures and developments in Pakistan’s corporate sector and stock market.
The IMF team also visited the Ministry of Climate Change and the Housing & Works Department. Officials presented updates on digitalizing Pakistan’s land records to improve transparency and efficiency.
Read: Finance Ministry Clarifies on IMF Mission in Pakistan
The Chief Justice of Pakistan, Yahya Afridi, met with the IMF delegation to discuss ongoing judicial reforms, which aim to ensure greater efficiency and transparency in the legal system.
The IMF will compile its findings in a report due in July. The report will identify weaknesses in governance and recommend reforms.
IMF’s assessment marks a crucial step toward improving transparency, efficiency, and anti-corruption measures across Pakistan’s institutions.
