Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag IMF warns Pakistan’s corruption costs 6.5% of GDP and demands reforms for $1.2B aid.

flag The IMF has warned that systemic corruption in Pakistan costs up to 6.5% of GDP annually, calling it a major barrier to growth and stability. flag A new assessment highlights widespread issues including opaque spending, weak anti-corruption institutions, political influence in budgeting, and inefficiencies in tax collection and public procurement. flag The report demands urgent reforms such as e-governance adoption, transparency in state-owned enterprises and the Special Investment Facilitation Council, and stronger judicial enforcement. flag These changes are required for a $1.2 billion IMF disbursement and could boost GDP by 5% to 6.5% over five years.

23 Articles