Pakistan Reaffirms Commitment to Economic Reforms Under $7 Billion IMF Programme
ISLAMABAD – Federal Minister Senator Muhammad Aurangzeb on Thursday reiterated Pakistan’s unwavering commitment to advancing its economic reform agenda under the $7 billion Extended Fund Facility (EFF) of the International Monetary Fund (IMF).
The reaffirmation came during a virtual meeting with IMF officials focused on Pakistan’s fiscal roadmap and preparations for the FY 2025–26 budget. The session was also attended by Finance Secretary Imdad Ullah Bosal and other senior members of the country’s economic team.
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Budget 2025–26: Reform Priorities in Focus
The Pakistani delegation presented the IMF with an overview of the country’s ongoing reforms, including efforts in fiscal consolidation, privatisation, and state-owned enterprise (SOE) restructuring.
Minister Aurangzeb also welcomed Iva Petrova, the newly appointed IMF Mission Chief for Pakistan, and extended gratitude to outgoing Chief Nathan Porter for his continued support.
The IMF team expressed continued support for stabilising Pakistan’s economy and acknowledged the efforts made in areas such as:
- Achieving a primary fiscal surplus
- Boosting provincial tax collection
- Privatising inefficient public entities
- Restructuring and right-sizing the public sector
IMF–Pakistan Consultations Ongoing
The virtual consultations between Pakistan and the IMF will continue as both sides work to align reform measures and budgetary strategies for the new fiscal year. The discussions aim to ensure sustainable economic growth, greater financial discipline, and improved macroeconomic stability.
