The International Monetary Fund (IMF) approved a $1.29 billion loan for Pakistan, despite its own report detailing systemic corruption that hinders loan repayment. The IMF's "Governance and Corruption Diagnostic Assessment" highlights institutional decay and corruption as "macro-critical" issues affecting Pakistan's economy and repeated reliance on the IMF. The report indicates significant budget overruns, with ministries spending beyond approved budgets, which are later regularized, suggesting a cycle of financial mismanagement and a lack of parliamentary oversight.