IMF expressed serious concerns about Pakistan’s business climate during recent meetings. A delegation met with Supreme Court Bar Association President Mian Rauf Atta to discuss key issues.
The talks focused on problems involving foreign investment in Pakistan. The IMF identified judicial performance and contract enforcement difficulties as significant concerns. Property rights protection emerged as another critical issue.
Bar leaders from Balochistan and Sindh high courts joined the discussions. Mian Rauf Atta explained the current judicial reforms to the IMF team, mentioning new legislation to improve courts.
Digital upgrades, like video link facilities, were discussed. The Chief Justice’s e-filing system proved to be a positive step. The IMF learned about the objectives of the 26th Constitutional Amendment.
This amendment aims to boost judicial independence for the future. Officials confirmed an existing performance evaluation system for judges. Both sides agreed that stability depends on multiple factors.
Political consistency was seen as essential for progress. According to the IMF, economic stability should accompany reforms, and good governance practices need strengthening. The IMF plans to send a detailed questionnaire soon.
The Bar will answer the questions and provide specific policy recommendations for improvements. The delegation held separate meetings with Cabinet Division officials. Anti-corruption measures dominated these discussions.
They also reviewed capacity building initiatives. FBR officials participated in technical sessions. The talks covered the Revenue Mobilization Initiative. IMF was concerned about Pakistan’s tax net receiving attention despite its expansion.
The authorities also examined strategies for better tax collection. During these meetings, the IMF completed its assessment. A final report showing the results will be released this July. The statement confirmed judicial efficiency as the primary discussion topic.
According to the IMF, weak court performance remains a key investment barrier. The legal enforcement gaps continue to trouble foreign investors as well. The IMF urged the authorities to take necessary action as soon as possible.