The International Monetary Fund (IMF)’s technical team, which is in Pakistan to scrutinise the judicial and regulatory system for the $7 billion bailout deal, sought details regarding program implementation and property rights in a meeting with the Chief Justice of Pakistan (CJP) Justice Yahya Afridi on Tuesday.
The IMF delegation, currently on a week-long visit, is conducting an in-depth review of governance and corruption vulnerabilities, focusing on six key sectors and institutions. According to the Ministry of Finance, this evaluation aligns with Pakistan’s commitment to strengthening institutional capacities to ensure transparency and protect investors’ rights.
Speaking to journalists after the meeting, CJP Afridi stated that the IMF team sought details on judicial reforms and property rights protection. “I told the IMF that it has come to Pakistan at the best time,” he remarked, adding that discussions covered the National Judicial Policy and the role of the judiciary in economic governance.
The Chief Justice further revealed that both the government and the opposition had been approached for an agenda on judicial reforms. He also noted that the IMF delegation made recommendations regarding property rights safeguards, emphasizing the need for legal certainty to attract foreign investments.
Highlighting the judiciary’s independence, CJP Afridi underscored that judges are bound by their constitutional oath and cannot disclose all details. “We have proposed forming special benches in high courts for early hearings, ensuring swift resolution of investment-related disputes,” he added.
Pakistan had pledged to the IMF in October to enhance institutional governance, combat corruption, and create a level playing field for businesses and foreign investors. The IMF’s latest review will play a crucial role in determining the continuation of financial support under the bailout program.
