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Pakistan is facing mounting pressure from international financial watchdogs and the International Monetary Fund to strengthen its fight against trade-based money laundering and the circulation of untaxed wealth as the country prepares its federal budget for the 2026-27 fiscal year. The IMF has reportedly issued firm directives demanding that Pakistani authorities implement stronger safeguards against illegal financial flows before the beginning of the next fiscal cycle. The

The government of Pakistan has initiated a sweeping enforcement campaign, imposing penalties totaling 111 billion rupees on entities linked to a vast trade-based money laundering operation. The action was ordered by Prime Minister Shehbaz Sharif after investigations uncovered that 120 billion rupees—equivalent to approximately $430 million—had been illegally transferred abroad through systematic over-invoicing practices. The scheme, which exploited solar panel imports between