Business Desk 
Oct 08, 2025
Pakistan and the International Monetary Fund (IMF) have agreed on important reforms that will stabilise the nation's economy.
The agreement tightens the Transfer of Residence programme and eliminates the Baggage and Gift programmes for importing automobiles.
Cars up to five years old may be imported for commercial use, subject to more stringent regulations and safety standards.
The practice of shipping cars to Dubai before bringing them to Pakistan will be stopped by restricting indirect imports of automobiles.
The Civil Servants Act, 1973, should be amended to require government officers in Grades 17 through 22 to publicly reveal their assets and those of their families, according to a task force's recommendations. Additionally, the task force suggested amendments to the FIA Act, NAB Act, and Election Act.
These measures will be submitted to the Federal Cabinet and the Economic Coordination Committee (ECC) for approval, with a deadline set by the IMF for their implementation.
Moreover, the agreement is anticipated to open the door for Pakistan to obtain a $400 million portion of a $1.4 billion support programme through the Fiscal Sustainability Facility (FSF).
If these reforms are implemented successfully, the future of Pakistan's economy will be determined by the $7 billion Extended Fund Facility (EFF) that the IMF has approved for the country.
The government is supposed to start public awareness campaigns and give law enforcement organisations training. The execution of these reforms will be closely watched as the IMF-Pakistan talks are anticipated to come to an end soon.
