The International Monetary Fund (IMF) on Saturday demanded Pakistan to public office holders, government officials, ministers, and parliamentarians, ARY News reported citing sources.
According to sources, the IMF has proposed strict anti-corruption measures in the upcoming budget 2024.
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The monetary fund directed the government to establish a portal to disclose the assets of public officials, but the government has failed to do so, sources said.
Pakistan’s authorities are bound to create a portal and disclose asset details under the agreement with the IMF, sources added.
The government had prepared a Performa for officials to disclose their assets, but it was not made public, sources revealed.
Furthermore, banks will now be required to obtain asset information from government officials when opening new accounts, sources said.
Earlier, reports revealed that in order to meet the International Monetary Fund (IMF) target, the development budget of Pakistan is reportedly being affected.
The development budget of Rs 950 billion only Rs 379 billion have been utilized to meet IMF targets this year.
These budget reductions have damaging the various sectors including health, higher education and infrastructure projects in Pakistan.
Prior to this, IMF released an official statement following discussions with Pakistan. The statement confirmed that Islamabad has formally requested a new loan program from the IMF.
