IMF Mission to Visit Pakistan This Month for Biannual Review

Notably, an International Monetary Fund mission will visit Pakistan from September, 23 to conduct a review of the country's economic performance under its $7 billion Extended Fund Facility and $1.4 billion Resilience and Sustainability Facility.

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• The review will additionally assess Pakistan's fiscal performance at the end of June 2026.
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Meanwhile, the mission, led by Iva Petrova, is projected to stay for almost two weeks until the first week of October. It will conduct the fourth review of the EFF and the third review of the RSF for the period concluded June 30, 2026.

For context, the review will commence with technical discussions at the State Bank of Pakistan, followed by meetings with administration teams and an initial session with Finance Minister Muhammad Aurangzeb. Govt Moves Draft Refinery Upgrade Agreements to ECC for Approval.

For context, a key focus will be the Federal Board of Revenue's ability to meet its first half year revenue collection structural benchmark under an IMF programme. The assessment comes as the tax authority has repeatedly missed its annual collection targets.

For context, the review will additionally assess Pakistan's fiscal performance at the end of June 2026. While most fiscal and monetary targets were broadly on track, the administration faced a major revenue shortfall and some policy slippages.

These include administration intervention in commodity operations involving wheat and sugar, despite an IMF condition requiring the administration to stay out of the commodities market.

In practice, the IMF will additionally assess progress on economic governance reforms. Official reports suggest that only a few of more than three dozen targets set for January to June 2026 were achieved.

For context, the reforms followed an IMF governance and corruption diagnostic assessment that identified significant weaknesses in Pakistan's efforts to combat corruption. Although the administration introduced measures for more transparent procurement by state owned enterprises, direct contracting with state owned entities without open competitive bidding continued.

Pakistan and the IMF will discuss both past performance and intends for implementing the programme going forward. If the reviews are completed successfully, Pakistan could receive around $1 billion under the EFF and another $200 million under the RSF by the end of November or early December.

Notably, the IMF mission comes after its Pakistan representative, Mahir Binici, remarked in July that the country's performance under the 2024 EFF had been robust so far and that significant economic reforms had been carried out under the programme. Stay Connected with ProPakistani.

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For now, IMF Mission to Visit Pakistan This Month for Biannual Review remains the part of the story worth watching, and further updates are likely as more details are confirmed.