Pakistan appears set to secure over $1 billion from the International Monetary Fund (IMF) by mid-October, despite falling short on some reform targets. Technical-level talks with the IMF have concluded, and policy-level discussions begin Monday. Officials expect the review to wrap up by October 9 or 10, possibly leading to disbursement of the third tranche […]
International Monetary Fund (IMF)
IMF seeks comprehensive update on Reko Diq project
The International Monetary Fund (IMF) has requested a comprehensive briefing on the Reko Diq project, focusing on its financial structure, risks, and guarantees as Pakistan undergoes its ongoing bailout review. Officials confirmed that the IMF team, currently in Islamabad, is keen to understand the project’s fiscal implications and its role in the country’s broader economic […]
No new taxes, IMF talks on track: Finance Minister Aurangzeb
Finance Minister Muhammad Aurangzeb has confirmed that ongoing talks with the International Monetary Fund (IMF) are moving in the right direction. Addressing the Senate’s Finance Committee, he assured that the government is not planning to impose any additional taxes during the current review process. Aurangzeb stated that discussions with the IMF so far have been […]
IMF alarmed as Pakistan misses Rs12.97 trillion tax target
The International Monetary Fund (IMF) has raised serious concerns after Pakistan failed to meet its annual tax collection target. The government collected Rs11.74 trillion last fiscal year — well below the Rs12.97 trillion goal. The issue came up during the second round of economic review talks between Pakistani officials and the IMF in Islamabad. The […]
IMF urges FBR to address tax shortfalls amid ongoing review talks
The International Monetary Fund (IMF) has expressed concerns over Pakistan’s tax revenue shortfall as technical-level talks commenced in Islamabad. The Federal Board of Revenue (FBR) reported a collection of Rs. 11.74 trillion against the target of Rs. 12.97 trillion for the fiscal year 2024-25, citing unresolved tax cases and the impact of recent floods. The […]
Pakistan clears 51 IMF conditions ahead of mission visit
Pakistan has fulfilled 51 conditions set by the International Monetary Fund (IMF) before the mission’s visit. Most conditions are completed, while work continues on some pending items. The government has also obtained prior IMF approval for conditions not yet fully met. Documents reveal Pakistan has implemented biannual gas tariff adjustments and avoided new tax exemptions […]
Pakistan seeks IMF help to waive electricity bills for flood victims
The government of Pakistan plans to seek financial support from the International Monetary Fund (IMF) to help flood victims. Prime Minister Shehbaz Sharif has directed the Ministry of Finance to begin talks with the IMF immediately. He asked officials to explore options for a one-month waiver or relief on electricity bills. This support will not […]
IMF urges Pakistan to end special treatment for MPs’ projects
The International Monetary Fund (IMF) has urged Pakistan to end special treatment for parliamentarians’ development schemes and integrate them into the Public Sector Development Programme (PSDP) through the regular approval process. It emphasized that these projects must be evaluated with the same scrutiny as other national projects to ensure fairness, accountability, and effective use of […]
IMF pushes for major amendments to state bank act
The International Monetary Fund (IMF) has asked Pakistan to remove the finance secretary from the State Bank of Pakistan (SBP) board and immediately fill two vacant deputy governor positions to strengthen institutional independence. The lender has also recommended amending the Banking Companies Ordinance of 1962 to remove the federal government’s authority to instruct SBP to […]
IMF points out gaps in corruption detection
The International Monetary Fund (IMF) has highlighted serious shortcomings in Pakistan’s ability to detect corruption and identify politically exposed persons (PEPs). In its draft Governance and Corruption Diagnostic Assessment report, the IMF noted uneven identification of PEPs across sectors, limited access to comprehensive data, and a lack of automated screening tools in smaller institutions. It […]