Pakistan has started preparations for the third economic review with the International Monetary Fund (IMF), with sources confirming that the IMF review mission will visit the country next month. Completion of the review could secure a $1 billion tranche for Pakistan.
Officials said the government plans to engage the IMF on measures to provide relief to the general public, the salaried class, and the industrial sector. Following the prime minister’s directives, new priorities for the negotiations have been established.
According to sources, a delegation led by the prime minister held discussions with the IMF managing director, requesting proposals within the next two weeks aimed at securing relief. The prime minister directed the team to provide concrete recommendations and strategies to persuade the IMF.
Suggestions to alleviate challenges faced by the industrial sector have also been sought, with a focus on developing a clear strategy for industrial recovery. The government intends to present a growth-oriented plan during the IMF talks.
The IMF managing director has assured full cooperation under the existing loan program. In addition to relief measures, proposals to expand the tax net have been requested, and the Federal Board of Revenue has been instructed to increase tax revenue from other sources during the current fiscal year.
