What's the story

The International Monetary Fund (IMF) has identified corruption as a major hurdle for cash-strapped Pakistan. The global financial institution said that if Pakistan implements a package of governance reforms within the next three to six months, it could boost its GDP by up to 6.5% over five years. The IMF's recommendation comes after the Pakistani Ministry of Finance released the Governance and Corruption Diagnostic Assessment (GCDA) report on Wednesday.

Corruption costs

IMF report highlights corruption's economic impact

The 186-page GCDA report noted that there is no reliable way to measure the extent of corruption in Pakistan. However, it said the costs could be inferred from the recovery of corruption-related assets. The report highlighted recoveries of PKR 5.3 tr

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