Islamabad, Nov. 22 -- The International Monetary Fund (IMF), in its latest governance assessment report, has warned that Pakistan continues facing severe risks of corruption-linked money laundering, with weak accountability systems and persistent political interference undermining investigations, due to the deeply entrenched corruption in both its political and legal sectors.
The findings - a part of the global money lender's Governance and Corruption Diagnostic Report - published on Nov 19, highlighted several lingering gaps across many high-risk sectors - including banking, real estate, construction, public procurement and activities involving politically exposed persons (PEPs).
The global body further noted that illicit funds are routi...