Overview

• Formal IMF review talks that began on September 29 are assessing a $7 billion program and a $1.3 billion climate facility, with the finance minister describing progress as positive.
• The government says it will not introduce new taxes during the review as it targets a tax-to-GDP ratio of 11 percent this fiscal year.
• Pakistan has repaid a $500 million Eurobond, plans a $250 million Panda bond issuance in China, and faces a $1.3 billion Eurobond payment in April.
• The IMF mission will evaluate the impact of recent floods before the board considers approving the next disbursement.
• Aurangzeb cited court delays that are holding up tax collections and said the Finance Division’s Tax Policy Office will prepare the next Finance Bill.