- Two imported import cars schemes under the FMI-Pakistan agreement.
- The Government squeezes the transfer of the residence scheme for used cars.
- Used five -year cars allowed in stricter import conditions.
Pakistan and the International Monetary Fund (IMF) have agreed to abolish two tax -free cars import schemes and adjust the regulations on the third scheme as part of the efforts to curb misuse and improve transparency in the import regime.
The two parties reached a consensus to suspend the luggage and gift schemes, while stricter controls will be imposed on the transfer of the residence scheme, which allows foreign Pakistanis to import vehicles when returning to the country, The news reported.
While commercial import has been granted permission for five -year -old used cars, their conditions will be strict, with security protectors.
Pakistan and the IMF are scheduled to conclude the review conversations on Wednesday to complete the second review under the installation of extended funds (EFF) of $ 7 billion and the first section of $ 400 million under the installation of resilience and sustainability (RSF) of $ 1.4 billion.
The IMF has established a deadline to obtain the approval of the Economic Coordination Committee (ECC) of the Cabinet for the abolition of two schemes and the tightening of the third within the current month.
In the rationalization plan of rates, both parties agreed that the two schemes under the luggage rules and the gift scheme to import cars would be abolished. For the third scheme, residence transfer, vehicles will only be imported from a country where the individual has stayed for at least a year, and the misuse of this scheme will be reduced.
An official commented that all vehicles, whether from Japan or the United Kingdom, are first imported to Dubai and then take Pakistan, so the improper use of imported cars must be reduced.
Pakistan and the IMF are still working to evolve a consensus on the publication of the GCD evaluation report, which remains a dispute bone between both sides. According to insiders, the government established a working group to carry out a detailed review of the vague anti -corruption frame and shared it with the IMF. The working group recommended that the FBR notify the drafts of the rules on the “statement of assets of public officials that serve on the Basic Payment Scale 17-22 and their spouses.”
He also recommended to make amendments in the Law of Public Officials, 1973, to allow the publication of assets and liabilities of public officials; Make amendments in the Elections Law to demand unleashed advisors and special assistants to the prime minister to provide his declaration of assets and liabilities; and make necessary amendments in the NAB ordinance and the FIA Law to guarantee a clear mandate definition, prepare a list of joint crimes and establish coordination mechanisms between the two agencies to work harmoniously in the crimes where both have jurisdiction.
Other recommendations include providing training on the jurisdictional limits to the officers of the provincial NAB, FIA and Anticorruption establishments (ACE); Make arrangements to repatriate the FIA investigating officers published in airports to process immigration and establish that responsibility to another force; and invest in technology, capacity development and training of the researchers of the FIA, NAB e provincial oil to take them to the pair with their regional counterparts.
In addition, the working group advised to carry out awareness campaigns to instill a culture of integrity between officials and educate the public about their right to seek the dissemination of public information under the Law of Information Law and on the regulatory framework to inform corrupt practices; Establish provisions for the appointment of lawyers through open ads based on specific experience to guarantee quality prosecution and for the appointment of independent members of the legal fraternity in special courts on judicial tasks; and empower provincial anti -corruption establishments to handle cases of money laundering at the provincial level.
Recommendations also include establishing a central coordination forum for research assistance, forensic, intelligence exchange and address jurisdictional issues; ensuring that the main internal auditors are designated within the ministries and divisions as required by the Public Finance Management Law; and guarantee strict compliance with the Law of State Companies (Government and Operations), 2023, and that government entities are in line with section 36 of the Public Finance Management Law, 2019.
