An International Monetary Fund mission will visit Pakistan from September, 23 to conduct a review of the country’s economic performance under its $7 billion Extended Fund Facility and $1.4 billion Resilience and Sustainability Facility.
The mission, led by Iva Petrova, is expected to stay for almost two weeks until the first week of October. It will conduct the fourth review of the EFF and the third review of the RSF for the period ended June 30, 2026.
The review will begin with technical discussions at the State Bank of Pakistan, followed by meetings with government teams and an initial meeting with Finance Minister Muhammad Aurangzeb.
A key focus will be the Federal Board of Revenue’s ability to meet its first half year revenue collection structural benchmark under an IMF programme. The assessment comes as the tax authority has repeatedly missed its annual collection targets.
The review will also assess Pakistan’s fiscal performance at the end of June 2026. While most fiscal and monetary targets were broadly on track, the government faced a major revenue shortfall and some policy slippages.
These include government intervention in commodity operations involving wheat and sugar, despite an IMF condition requiring the government to stay out of the commodities market.
The IMF will also assess progress on economic governance reforms. Official reports suggest that only a few of more than three dozen targets set for January to June 2026 were achieved.
The reforms followed an IMF governance and corruption diagnostic assessment that identified significant weaknesses in Pakistan’s efforts to combat corruption. Although the government introduced measures for more transparent procurement by state owned enterprises, direct contracting with state owned entities without open competitive bidding continued.
Pakistan and the IMF will discuss both past performance and plans for implementing the programme going forward. If the reviews are completed successfully, Pakistan could receive around $1 billion under the EFF and another $200 million under the RSF by the end of November or early December.
The IMF mission comes after its Pakistan representative, Mahir Binici, said in July that the country’s performance under the 2024 EFF had been strong so far and that significant economic reforms had been carried out under the programme.
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