Pakistan Meets Key IMF Fiscal Benchmarks but Revenue Reforms Lag as FBR Misses Targets
Pakistan fulfils three major IMF fiscal conditions through non-tax revenues, but weak FBR performance and failure to broaden the tax base raise concerns ahead of the next IMF loan review.
Pakistan Updates Public Finance Management Act to Improve Budget Discipline and Fiscal Control
The Finance Division has notified amendments to the Public Finance Management Act, 2019, strengthening fiscal discipline, budget oversight and public fund management in Pakistan.
World Bank Provides $700 Million for Pakistan PRID-MPA Program to Boost Fiscal Reforms and Public Services
The World Bank has approved $700 million in financing for Pakistan under the Public Resources for Inclusive Development – Multiphase Programmatic Approach (PRID-MPA), aimed at supporting fiscal reforms, enhancing service delivery, and improving domestic revenue mobilization across federal and Sindh provincial programs.