IMF Delegation to Discuss Economic Measures in Pakistan

An International Monetary Fund (IMF) delegation, led by Mission Chief Nathan Porter, has arrived in Pakistan for crucial discussions lasting until November 15. The talks will focus on Pakistan's economic performance, tax collections, and strategies to bridge a $2.5 billion external financing gap, with a potential mini-budget being considered. The IMF is reviewing Pakistan's progress on macroeconomic reforms under the newly approved $7 billion Extended Fund Facility, which aims to stabilize the economy. Despite improvements in economic conditions, including reduced inflation and stable currency rates, Pakistan still faces challenges in securing loans from bilateral creditors. The IMF's assessment will also include a review of the agricultural income tax and strategies for enhancing revenue. The first formal review of this loan program is scheduled for March 2025.