The International Monetary Fund (IMF) has expressed reservations over Pakistan’s failure to amend laws governing 10 institutions, including those related to IT, commerce, maritime affairs, railways, and water resources, and has sought an explanation from the government, sources said. Pakistan is currently engaged in the second review talks with the IMF for the release of the next $1.2 billion tranche. While the government has expressed satisfaction with the progress of discussions, the IMF has flagged concerns that some key targets under the Memorandum of Economic and Financial Policies remain unmet. The officials further stated that Pakistan and the IMF also held detailed discussions on refinancing schemes, with the Fund emphasising the need to strengthen export and trade financing. He shared these ideas during his keynote address at the Pakistan Business Summit being held in Peshawar on Thursday.