Overview

• An IMF mission led by Iva Petrova concluded discussions in Karachi and Islamabad on Oct. 8 covering the second EFF review and the first RSF review.
• The Fund reported notable advances on fiscal consolidation, inflation control, energy tariff adjustments and reforms, governance improvements, and climate-related measures.
• A staff-level agreement was not finalized at the end of the visit, and both sides agreed to continue policy negotiations to resolve outstanding issues.
• The IMF set a deadline this month for the Economic Coordination Committee to abolish two schemes and tighten a third as part of conditional steps.
• Pakistan’s finance team will attend the Oct. 13–18 IMF–World Bank meetings in Washington, where the review outcome is expected to be addressed, and investor optimism lifted the PSX by about 1,300 points.