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An International Monetary Fund (IMF) team is scheduled to begin a visit to Pakistan on February 25 to assess the country’s progress on economic reforms and review its ongoing loan program, the IMF announced Thursday.
The visit, which will include discussions on the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), comes as the IMF acknowledges that policy efforts undertaken by Pakistan have “helped stabilise the economy and rebuild confidence,” according to IMF Communications Director Julie Kozack.
Kozack highlighted Pakistan’s fiscal performance as “strong,” noting a primary fiscal surplus of 1.3 percent of the gross domestic product (GDP) that is “in line with programme targets.” She also pointed to contained headline inflation and Pakistan’s first current account surplus in 14 years, recorded in fiscal year 2025.
The IMF mission, led by Iva Petrova, will remain in Pakistan until March 11. Discussions will focus on the implementation of the $7 billion EFF and the $1.1 billion RSF facilities. A key component of the visit will be a review of budget proposals for the upcoming fiscal year 2026-27, with particular attention paid to provincial finances.
The IMF also recently released a Governance and Corruption Diagnostic report for Pakistan, which proposes reforms aimed at simplifying tax policy, ensuring fair public procurement processes, and increasing transparency in asset declarations.
Pakistan’s performance under the EFF program through the complete of December 2025 has largely met expectations, despite a recent revenue shortfall. Authorities believe a recent ruling by the Federal Constitutional Court in favor of the government regarding a super tax will help mitigate this shortfall.
Successful completion of the review is expected to unlock approximately $1 billion (760 million Special Drawing Rights) under the EFF and an additional $200 million under the RSF by the end of April.