Islamabad, Jan. 9 -- Pakistan's Ministry of Finance has acknowledged that the Special Investment Facilitation Council (SIFC) lacks institutionalised transparency, an omission the International Monetary Fund (IMF) warns could further damage investor confidence and weaken policy stability.

The admission appears in the government's 240-page Prime Minister's Economic Governance Reforms Agenda, as reported by The Express Tribune.

According to The Express Tribune, the ministry prepared the report to fulfil the requirements of the IMF's Governance and Corruption Diagnostic Assessment under the USD 7 billion loan programme.

The document notes that unclear decision-making mechanisms within the SIFC, especially regarding strategic investment con...