IMF advises Pakistan not to create a preferred investors' group and to ensure transparency

[Collection]The International Monetary Fund (IMF) has advised Pakistan to ensure transparency and accountability in its business deals and to avoid creating a group of preferred investors under the Special Investment Facilitation Council (SIFC). The IMF mission raised concerns about the need for another institution like SIFC and warned against the distressed sale of assets. Both sides are working on finalizing the Memorandum of Economic and Financial Policies (MEFP) and expect to conclude talks soon.