The incumbent government has assured the International Monetary Fund of Pakistan’s commitment to not bring the amnesty scheme.
According to details, the Prime Minister Shehbaz Sharif-led government had vowed to not take any “artificial” measures to stop the depreciation of the rupee.
There is almost no chance of bringing any amnesty scheme on the smuggled, non-customs paid vehicles or on asset declaration after the government had decided to assure the international lender to bring any amnesty scheme.
Moreover, it had also decided not to give any type of tax exemption, zero rating, or tax credit.
The International Monetary Fund (IMF) had identified corruption, bureaucratic red tape, and a weak business environment as the primary challenges hindering Pakistan’s development.
In response, the government had assured the IMF of taking firm steps to address these issues, including greater transparency and accountability in the public sector. The government has also assured the IMF of curbing corruption and abuse of power.
According to a recent report presented to the global lender, the government plans to disclose the assets of senior bureaucrats to combat corruption. Much like politicians, public officials in grades 17 to 22 will now be required to reveal their domestic and foreign assets, including those held by their families.
