The Ministry of Finance has asserted that recent economic reform measures under the International Monetary Fund”s (IMF) Extended Fund Facility (EFF) are not new conditions but are part of a phased, medium-term agenda agreed upon from the program”s inception.
In a formal statement today, the ministry clarified that the EFF is fundamentally designed to support countries in implementing sequenced structural reforms over time.
It emphasized that the actions, which have been a subject of recent commentary, represent a logical progression and continuity of the existing plan rather than abrupt or externally imposed requirements.
According to the ministry, each program review systematically builds upon previous actions to achieve the agreed-upon policy objectives.
The communication explained that the Memorandum of Economic and Financial Policies (MEFP), finalized after the EFF”s second review, supplements earlier memorandums and reflects the program”s step-by-step approach.
Furthermore, the ministry noted that many of the structural benchmarks included in the latest MEFP are derived from reforms already initiated or proposed by the Government of Pakistan itself.
The latest reforms, therefore, reflect a deepening and sequencing of Pakistan”s established reform agenda under the facility, rather than the imposition of unprecedented or sudden conditions.