Pakistan: The International Monetary Fund (IMF) mission, led by Nathan Porter, concluded its visit to Pakistan on Saturday, focusing on economic developments and fiscal strategies for the 2025-26 financial year. The discussions, which began on May 19, addressed the country”s budget proposals and economic policies under the 2024 Extended Fund Facility and 2025 Resilience and Sustainability Facility.
Porter highlighted the constructive nature of the discussions, noting the authorities” commitment to fiscal consolidation and achieving a primary surplus of 1.6 percent of GDP while safeguarding essential expenditures. The talks also prioritized enhancing revenue through improved compliance and a broader tax base.
Attention was given to energy sector reforms, aiming to improve financial viability and reduce costs. Structural reforms were also discussed to support sustainable growth and level the playing field for business and investment.
The authorities reiterated their dedication to sound macroeconomic policymaking, focusing on a tight, data-driven monetary policy to control inflation and strengthen foreign exchange reserves. The IMF confirmed its ongoing engagement and collaboration with Pakistan, with the next mission planned for the latter half of 2025.