The International Monetary Fund (IMF) has reiterated its strong support for Pakistan’s economic reform efforts and confirmed that its Executive Board will convene on May 9 to assess Pakistan’s debt program, despite escalating tensions with India.
Addressing the recent geopolitical strain between the two neighboring nuclear states, an IMF spokesperson emphasized the Fund’s hope for a peaceful and diplomatic resolution to the conflict.
“We remain hopeful for a reduction in tensions and encourage a peaceful settlement of the ongoing dispute between India and Pakistan,” the spokesperson said during a media briefing.
Despite concerns over recent cross-border hostilities and diplomatic challenges, the IMF assured that its cooperation with Pakistan remains unaffected. The organization affirmed that the debt program review is proceeding on schedule and that its support for Pakistan’s stabilization and reform agenda continues.
“We are fully committed to supporting Pakistan’s economic recovery and reform process,” the spokesperson added.
Additionally, an IMF mission is scheduled to visit Pakistan from May 14 to 22 to engage in critical budgetary discussions with government officials. The focus will be on shaping the upcoming fiscal framework, particularly revenue collection and taxation.
According to sources within the Finance Ministry, the Federal Board of Revenue (FBR) has proposed an ambitious revenue target of Rs 14,200 billion for the next fiscal year. Achieving this goal will require coordinated efforts with the IMF as part of broader reform commitments.
The upcoming meetings are expected to finalize key fiscal measures, including tax strategies and budget targets, ahead of the FY2025–26 budget announcement.
