Pakistan, IMF Begin Fourth EFF and Third RSF Reviews for $1.2 Billion
Pakistan and the IMF have started the fourth EFF and third RSF reviews, with successful completion potentially unlocking about $1.2 billion in financing.
Pakistan Introduces Public Procurement Rules 2026 as IMF Review Begins
Pakistan has notified Public Procurement Rules 2026, making EPADS mandatory while introducing new transparency, competition, oversight and grievance mechanisms.
Pakistan’s Corruption Score Rises to 28 as CPI Data Draws Scrutiny
Pakistan’s Corruption Perceptions Index score improved to 28 in 2025, while questions remain over the methodology, source data and relationship between international perceptions and domestic corruption experiences.
IMF Begins Fourth Review Of Pakistan’s $7 Billion EFF Programme
The IMF has started discussions with the State Bank of Pakistan on Pakistan’s fourth $7 billion EFF review, covering inflation, monetary policy, exchange rates, fiscal reforms and economic targets.
Planning Ministry Seeks Role In Pakistan’s Core IMF Negotiation Team
Planning Minister Ahsan Iqbal says the Ministry of Planning has formally asked Prime Minister Shehbaz Sharif for inclusion in Pakistan’s core IMF talks team.
IMF Team to Visit Pakistan on September 23 for Review of $7 Billion Programme
An IMF delegation is scheduled to arrive in Pakistan on September 23 for talks covering economic targets, energy sector reforms, inflation, foreign exchange reserves and privatisation.
Pakistan Seeks Bigger China Swap Line, Awaits Decision on $10 Billion US Facility
Pakistan plans to seek an expanded China currency swap line in 2027 as Finance Minister Muhammad Aurangzeb expects a US response on a proposed $10 billion exchange stabilisation facility within two months.
Provinces Legally Bound to Improve Tax Collection Under IMF Fiscal Framework
Provinces are now legally required to strengthen their own tax collection under a fiscal agreement with the federal government, while the Federal Board of Revenue remains on target for FY27.
IMF-Linked Reforms Lead to Abolition of Up to 60% of Vacant Federal Jobs in Pakistan
Pakistan begins abolishing up to 60% of vacant federal government positions as part of spending cuts linked to commitments under the International Monetary Fund programme.
Moody’s Upgrades Pakistan Credit Rating to B3 as Economic Conditions Improve
Moody’s upgrades Pakistan’s sovereign credit rating to B3 from Caa1, citing improved governance, stronger external buffers and continued macroeconomic stabilisation.