Overview

• An IMF mission held formal kick-off meetings in Islamabad to conduct the second review of the $7 billion EFF and the first review of the RSF, with discussions running through early October.
• The government requested approval to roll out a Prime Minister’s flood relief package financed from a Rs389 billion contingency fund, but the IMF asked for a damage-and-needs assessment first.
• Initial IMF feedback indicated no major hit to growth or tax revenues from the recent floods, with Planning Commission losses estimated at about Rs360 billion, while Punjab’s assessment is still pending.
• Programme performance has been mixed, with revenue collection falling short by roughly Rs1.2 trillion last fiscal year and the FBR struggling to hit the first-quarter target.
• The Fund pressed Pakistan to publish a Governance and Corruption Diagnostic report by the September 30 deadline and to set up an asset-disclosure system for Grade 17–22 officers by December 2025.