Islamabad, September 30, 2025: The International Monetary Fund (IMF) has urged Pakistan to adopt stronger measures to combat trade-based money laundering (TBML), calling for tighter oversight of non-financial sectors and greater transparency in public procurement.
During the second review talks for the release of the third tranche of $1.2 billion, the Fund pressed authorities to submit a detailed report on the risks and potential consequences of TBML. According to sources, the IMF demanded monitoring of lawyers, law firms, accountants, auditors, real estate agents, and traders dealing in gold, silver, gemstones, and other precious metals. It also stressed the need to identify beneficial owners of companies and strengthen oversight of shareholder management.
In addition, the IMF called for the introduction of a comprehensive electronic procurement system to curb corruption in government purchases and sales. The proposed e-procurement mechanism would ensure online publication of tenders, transparent bid evaluation, and minimal human involvement in awarding contracts. The Fund also highlighted the importance of transparency in the disposal of redundant state-owned assets.
Officials said the IMF’s recommendations aim to close regulatory gaps in sectors vulnerable to money laundering and improve compliance with international financial standards.
