ISLAMABAD – Pakistan is preparing for the upcoming International Monetary Fund (IMF) review mission scheduled for September 25. Officials said the country has fulfilled most of the 51 conditions tied to the $7 billion loan program.
According to official documents, Pakistan has successfully implemented several key IMF requirements. These include adjusting gas tariffs every six months, removing tax exemptions, and transferring funds to beneficiaries under the Kafalat program without conditions.
The government also passed the 2025–26 budget in accordance with IMF guidelines. The budget reflects the fiscal adjustments agreed upon under the loan package, demonstrating Pakistan’s commitment to meeting international financial standards.
Despite this progress, some conditions remain pending. These include privatization of power distribution companies (DISCOs) and other structural reforms. Deadlines originally set for July and August have not been fully met.
Certain targets are still incomplete. The Federal Board of Revenue (FBR) missed its annual tax collection goals, including the Rs 50 billion target under the Tajir Dost scheme. Amendments to laws for ten government-owned enterprises remain unfinished, and provincial governments could not generate the required Rs 1.2 trillion cash surplus.
Another pending issue involves the governance and corruption assessment plan, which is unlikely to be completed before the IMF mission’s arrival.
Authorities noted that, despite IMF guidelines prohibiting new tax exemptions, a waiver on sugar imports was granted with the Fund’s approval. This ensured compliance with the loan agreement while addressing urgent economic needs.
Officials said Pakistan continues to make steady progress on reforms and remains committed to fulfilling all IMF conditions. The review mission is expected to assess the completed measures and provide guidance on the remaining requirements.
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