Pakistan is on track for a successful first review of the $7 billion International Monetary Fund (IMF) bailout program, with talks officially beginning between Islamabad and the IMF delegation. Finance Minister Muhammad Aurangzeb stated that the country is “well-positioned” for the review, reinforcing the positive economic trajectory under the Extended Fund Facility (EFF).
The $7 billion bailout package was secured in mid-2024, offering Pakistan a much-needed economic buffer to counteract financial instability. Since its implementation, the program has been a key stabilizing force in the country’s economy, paving the way for long-term financial recovery.
As discussions progress, the IMF team, led by mission chief Nathan Porter, will conduct two phases of negotiations:
The Finance Division confirmed the start of discussions by sharing images from the kick-off meeting, which showcased Pakistan’s economic team actively engaged in deliberations with the IMF delegation.
The IMF mission, consisting of nine members, will remain in Pakistan for two weeks, during which it will assess the economic performance from July to December 2024. A successful review will unlock the next $1 billion tranche, bringing Pakistan closer to fulfilling its economic stabilization roadmap.
Key areas under scrutiny include:
To ensure a comprehensive assessment, the IMF team will meet with key government institutions, including:
Additionally, talks will extend to provincial authorities from Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan, ensuring a holistic economic evaluation.
The outcome of the IMF review will play a crucial role in shaping Pakistan’s economic future. A successful review will strengthen investor confidence, open doors for further financial assistance, and reinforce fiscal discipline.
With inflation slowing down and economic policies stabilizing key sectors, Pakistan remains committed to meeting IMF benchmarks and ensuring sustainable economic growth.
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