Pakistan has finalized a 15-point action plan to address governance weaknesses and corruption risks, including the identification of 10 high-risk federal agencies, ahead of the upcoming IMF review.
The plan, prepared in response to the Governance and Diagnostic Assessment Report, focuses on strengthening institutional oversight and reducing macro critical vulnerabilities linked to corruption.
Authorities aim to implement targeted reforms across key sectors to improve transparency and compliance with international standards.
A central feature of the plan is the establishment of a National Anti-Corruption Task Force, which will coordinate efforts across multiple agencies to assess and mitigate corruption risks.
The task force will develop a comprehensive framework to identify vulnerabilities and design risk reduction strategies with clear performance indicators for each ministry and institution. Based on this framework, the government will shortlist the top 10 federal entities most exposed to corruption and introduce targeted corrective measures.
The plan also places strong emphasis on judicial reforms, particularly in reducing the backlog of economic and commercial cases.
In the first year, the government will develop and publish a methodology to evaluate the performance of courts and judges. This will be followed by a detailed performance report in the second year covering administrative tribunals and special courts handling economic disputes.
In parallel, reforms are being proposed in anti-money laundering laws to strengthen enforcement and remove legal ambiguities.
A joint working group will review the Anti Money Laundering Act 2010 to clarify key provisions, including whether a predicate offence conviction is required for prosecution.
The review will also focus on improving investigative powers, procedural clarity, and definitional consistency, with amendments expected to be finalized and implemented by June 2027.
The Financial Monitoring Unit will introduce corruption-specific reporting guidelines to improve the quality of suspicious transaction reporting, including the identification of red flags.
Additionally, the government plans to bring virtual asset regulation under the reporting framework to enhance oversight of emerging financial channels.
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They will catch themselves?????