Pakistan Federal Budget FY27 Prioritises Economic Stabilisation Over Populist Relief Measures
Pakistan faces a challenging fiscal balancing act in its upcoming FY27 federal budget as the government aligns with strict IMF targets to maintain economic stability.
Pakistan and IMF Conclude Financial Review Mandating Additional Revenue Mobilization for Upcoming Fiscal Budget
The International Monetary Fund has concluded its institutional visit to Islamabad, outlining necessary revenue adjustments and expenditure discipline to preserve macroeconomic stability.
Pakistan Fiscal Deficit Narrows to 0.7 Percent of GDP Amid Strong Nine Month Consolidation
Pakistan reports a significant fiscal consolidation for 9MFY26 with the budget deficit dropping to Rs856bn driven by lower debt servicing and controlled spending.
Fitch Ratings Affirms Pakistan IDR at B- with Stable Outlook Amid IMF Progress
Fitch Ratings maintains Pakistan’s Long-Term Foreign-Currency Issuer Default Rating at B- citing fiscal consolidation and successful IMF program reviews.
Pakistan IMF Review Extended Amid Global Volatility and Reform Progress
Pakistan and the IMF extend talks on the EFF and RSF reviews to assess geopolitical risks and energy sector reforms for economic stability.
Pakistan’s Macroeconomic Outlook Strengthens as SBP Projects Stable Inflation and GDP Growth
The State Bank of Pakistan projects inflation within 5–7% and GDP growth of 3.75–4.75% in FY26, citing fiscal consolidation, remittances, and easing financial conditions, while highlighting emerging domestic and global risks.
IMF Stresses Energy, Governance, and Fiscal Reforms for Pakistan’s Extended Fund Facility
The IMF highlights the need for structural reforms in Pakistan’s energy sector, state-owned enterprises, governance, and fiscal policies under the Extended Fund Facility, while underscoring macroeconomic stability, targeted social safety nets, and market-driven exchange rates.
Pakistan Records Rare Rs1.5 Trillion Fiscal Surplus Despite Flood and Border Challenges
The government of Pakistan achieved a rare Rs1.5 trillion fiscal surplus in the first quarter of FY2026 despite facing flood-related damages, border closures, and inflationary pressures. The Finance Ministry credits strong non-tax revenues, improved fiscal discipline, and stable macroeconomic management for the performance.
Fitch Highlights APAC’s Steady Growth Amid Limited Fiscal Space and Global Headwinds
Fitch Ratings projects the Asia-Pacific region to maintain solid economic growth despite tightening fiscal space, rising debt levels, and weak global demand, highlighting the importance of sound policy and fiscal discipline across APAC economies.
Pakistan and IMF Record Major Progress Toward New Financing Agreement Under EFF and RSF
Pakistan and the IMF have made significant progress toward a staff-level agreement under EFF and RSF programs, focusing on fiscal discipline, energy sector reform, inflation control, and climate resilience to stabilize the economy.