In the long term, Pakistan and the IMF have agreed to “consider establishing a centralised authority” that would collect, digitise and publish asset declarations of senior public officials. (File Photo)

Pakistan Friday agreed to introduce major reforms to its asset declaration system, after the International Monetary Fund (IMF) raised grave concerns about the country’s anti-corruption framework, Dawn reported.

The IMF particularly questioned the effectiveness of the National Accountability Bureau (NAB), with its Governance and Corruption Diagnostic Assessment (GCDA) describing NAB as a “political compromise,” Dawn noted. It also called for stronger and more transparent mechanisms to prevent high-level corruption.

Under the IMF’s short-term action plan, Pakistan will start publishing

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