IMF has concluded its latest mission to Pakistan after securing commitments from Islamabad to maintain strict fiscal discipline and achieve a primary budget surplus target of 2% of gross domestic product in fiscal year 2027-28. The IMF delegation, led by advisor Iva Petrova, visited Islamabad from May 13 to May 20 for talks with officials […]
IMF Clears $1.2 Billion for Pakistan Amid Strict Reform Demands
Pakistan secured another major financial lifeline on Friday after the International Monetary Fund (IMF) approved $1.2 billion in loan tranches under two separate lending programmes, giving crucial support to the country’s fragile economy as it struggles with inflation, weak growth and external financing pressures. The approval came after Islamabad agreed to nearly a dozen additional […]
Pakistan to End 200-Unit Power Subsidy Under IMF Deal
Pakistan has given written assurances to the International Monetary Fund (IMF) that it will replace the existing electricity subsidy system for low-consumption users with a targeted mechanism linked to the Benazir Income Support Programme (BISP) from January 2027, officials familiar with the discussions said. The move forms part of broader reform commitments under the IMF’s […]