Posted inBusiness, Pakistan

IMF: Pakistan loses up to 6.5% of GDP to corruption as elite capture strangles growth

ISLAMABAD: Corruption recoveries totaling Rs5.3 trillion in just two years represent only a fraction of the true cost to Pakistan's economy, the International Monetary Fund said Wednesday in a scorching assessment that found corruption "persistent and corrosive" at every level of government. After holding back for almost three months, the Ministry of Finance released the […]

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