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.
IMF Urges Pakistan to Accelerate Electricity Tariff Adjustments to Curb Circular Debt
IMF urges Pakistan to implement timely electricity and gas tariff adjustments, reduce power sector losses and improve energy company finances.
Pakistan Economy Faces Growth Risks Despite Expected Economic Uptick
SBP projects stronger economic activity in Pakistan, but structural reform delays, taxation, interest rates, exports and external risks could limit growth.
Pakistan Posts Rs3.63 Trillion Primary Surplus, Surpasses IMF Target In FY2025-26
Pakistan recorded a Rs3.63 trillion primary budget surplus in FY2025-26, exceeding the IMF target by Rs464 billion as the federal deficit narrowed to Rs4.8 trillion.
FBR July 2026 Revenue Reaches Rs810 Billion, Exceeds Monthly Target By Rs30 Billion
FBR collected Rs810 billion in July 2026, exceeding its monthly target by Rs30 billion as sales tax receipts rose 18 percent, although income tax collections remained below expectations.
IMF Disburses 1.3 Billion Dollars to Pakistan Following Successful Third Review and RSF Milestone
The State Bank of Pakistan receives 1.3 billion dollars from the IMF after the Executive Board completes the third review of the EFF and approves the second RSF tranche.
IMF Commends State Bank of Pakistan as Executive Board Approves 1.32 Billion Dollar Disbursement
The IMF Executive Board praises the State Bank of Pakistan for its proactive monetary policy and approves an immediate 1.32 billion dollar disbursement under EFF and RSF.