Islamabad: The IMF has demanded effective measures from Pakistan to prevent trade-based money laundering, has emphasized monitoring and supervision of lawyers, law firms and jewelers and bringing them into the tax net, while also setting a target of implementing an electronic system for transparency in the government procurement process. According to sources, several demands have been made by the IMF in the second economic review negotiations to get the third tranche of $1.2 billion from the IMF and a report has been sought from Pakistan on the risks and possible impacts of possible trade-based money laundering. The IMF has directed strict monitoring of non-financial businesses and professionals and has emphasized transparency in government procurement and sale of non-essential assets. According to sources, the businesses that the........

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