The International Monetary Fund (IMF) has demanded a crackdown on tax evasion in Pakistan’s real estate sector, as talks to unlock $1bln loan tranche get underway in Islamabad. The nine-member mission led by Nathan Porter landed in Pakistan today to assess Pakistan’s economic performance to determine the release of the next $1 billion tranche. As part of the proposed reforms, the Pakistan government assured the IMF of activating the Real Estate Regulatory Authority.
