Pakistan delegation has met with met IMF officials, briefing about reforms taken by the government to broaden the country’s tax base and reduce energy costs.

“In the meeting with Kenji Okamura, Deputy Managing Director of the IMF, in Washington DC today, the Pakistan delegation highlighted measures to expand fiscal space by broadening the tax base, aligning the provincial Agricultural Income Tax regime with the federal income tax regime, rationalizing subsidies, rightsizing the government, and reducing energy sector costs,” Pakistan’s finance ministry said.

The delegation met with IMF Director Jihad Azour, where they expressed gratitude for the approval of a $7 billion Extended Fund Facility.

The Pakistani representatives emphasized the government’s commitment to financial stability, enhancing revenue, implementing energy reforms, and revitalizing state-owned enterprises, all aimed at transitioning Pakistan from stability to growth.

Azour underscored the importance of maintaining the momentum of reforms.

Azour congratulated Pakistan on the successful initiation of the fund program, highlighting the collaborative efforts necessary for the country’s economic advancement.

Read more

IMF debt dilemma looms after Feb 8 election: ex-SBP governor

Pakistan’s deepening political crisis douses hopes for IMF relief

Pakistan’s total outstanding debt for FY25 stands at $26.2b, says SBP governor

During the annual meetings of the World Bank and International Monetary Fund (IMF), a Pakistani delegation engaged in key discussions with the Alvarez & Marsal team to explore strategies for restoring access to capital markets and external creditors.

The delegation included Finance Secretary Amdadullah Bosal and Jameel Ahmed, Governor of the State Bank of Pakistan, while the Alvarez & Marsal team was led by former State Bank Governor Dr. Reza Baqir.