Pakistan, May 12 -- The International Monetary Fund (IMF) has raised concerns over Pakistan's low reporting of suspicious financial transactions in the real estate sector, urging authorities to strengthen anti-money laundering controls and improve monitoring mechanisms.

Read More: IMF calls for crackdown on tax evasion in real estate sector

According to official sources, the IMF has asked Pakistan to address the low number of Suspicious Transaction Reports (STRs) linked to real estate activities, amid concerns that untaxed income and illicit funds may be flowing into the property market.

The concerns were reportedly highlighted during recent discussions under Pakistan's Extended Fund Facility programme, under which the IMF approved the...