The federal government collected Rs99 billion more than its budgeted petroleum levy target for the fiscal year ending June 2026, according to Finance Ministry data, a fiscal overperformance that arrives at a strikingly convenient moment, just as Pakistan opens formal negotiations with the International Monetary Fund on its next loan tranche. Official figures show the...
Pakistan and the International Monetary Fund formally opened negotiations in Islamabad this week for the fourth review of the country’s $7 billion Extended Fund Facility and the third review of its $1.4 billion Resilience and Sustainability Facility, with successful completion of both potentially unlocking around $1.2 billion in combined fresh financing. Finance Minister Muhammad Aurangzeb...
An International Monetary Fund mission has begun a fresh round of review talks with Pakistani authorities in Islamabad, opening a roughly two-week assessment of the country’s progress under its $7 billion Extended Fund Facility and $1.4 billion Resilience and Sustainability Facility, even as officials head into the negotiations carrying a familiar mix of missed targets...
An International Monetary Fund mission will arrive in Pakistan on September 23 to conduct a biannual review of the country’s economic performance under its $7 billion Extended Fund Facility and $1.4 billion Resilience and Sustainability Facility, marking the next major checkpoint in a lending programme that has become central to Pakistan’s fiscal management and, increasingly,...
Finance Minister Muhammad Aurangzeb called the current salaried tax return form illogical while unveiling the Asaan Tajir mobile app for small traders, and confirmed Pakistan has sought a US Exchange Stabilisation Support Facility.
The International Monetary Fund’s Executive Board has approved the disbursement of the latest tranche under Pakistan’s 37-month Extended Fund Facility, releasing funds after concluding a review mission that assessed the country’s progress on fiscal, energy and tax reform benchmarks. The approval brings total disbursements under the programme to well over half of its total value...