PM Shehbaz Sharif launches economic-governance reform plan

Prime Minister Shehbaz Sharif has launched economic-governance reforms to address the vulnerabilities identified in the International Monetary Fund’s (IMF) Governance and Corruption report.

The 186-page Governance and Corruption Diagnostic report launched late last year highlighted massive economic leakages due to bad governance and corruption.

Under



the IMF conditions linked to its ongoing USD 7 billion bailout package, Pakistan was required to publish “governance action plan based on the recommendations of the Governance Diagnostic Assessment” to address critical governance vulnerabilities by December 31.

Media reports 142-point reform plan launched on Wednesday envisaged undertaking national risk assessment on corruption.