Pakistan, IMF to Begin 4th Review of $7 Billion EFF in September

Pakistan and the International Monetary Fund are set to commence the fourth review of the country's $7 billion Extended Fund Facility in September 2026, with the IMF mission anticipated to visit Pakistan next month.

Key points

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• The upcoming IMF review will additionally cover implementation of the Governance and Anti Corruption Diagnostics Assessment Report.
• Most commercial state owned enterprises have additionally published business aims, statements of corporate intent and financial statements prepared under International Financial Reporting Standards.
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• The IMF mission is projected to examine the government's proposed amendments to the Sovereign Wealth Fund law.

Meanwhile, the IMF mission is projected to examine the government's proposed amendments to the Sovereign Wealth Fund law. It have been introduced in the Senate as part of efforts to strengthen governance and fiscal safeguards in line with the program's requirements. The exact dates for the review have not yet been finalized. PM Warns Ministries Against Taking His Orders Lightly.

For context, the administration has proposed amendments to laws governing state-owned enterprises, with six amendments already submitted to Parliament. Authorities are required to create progress on the remaining three state-owned enterprises with dedicated laws by the end of August 2026.

Meanwhile, the proposed Sovereign Wealth Fund amendments seek to clarify the fund's role as a holding firm, strengthen its governance and ensure that state owned enterprises under the fund follow the same governance and accountability standards as other state owned enterprises. The amendments additionally include requirements for transparent and competitive divestment and procurement processes and further fiscal safeguards.

Most commercial state owned enterprises have additionally published business aims, statements of corporate intent and financial statements prepared under International Financial Reporting Standards. The Central Monitoring Unit. It is now fully staffed, is projected to closely monitor the quality of this reporting. Work is additionally underway to include public service obligation agreements for the seven largest state owned enterprises in the fiscal year 2027 budget.

Meanwhile, the upcoming IMF review will additionally cover implementation of the Governance and Anti Corruption Diagnostics Assessment Report. Pakistan has published the Prime Minister's Economic Governance Reform Plan based on the assessment's recommendations, containing 15 reform actions with performance indicators, timelines and monitoring mechanisms.

In practice, the administration has additionally established an institutional framework to oversee implementation and begun coordination with key stakeholders, including civil society organizations. Revised Civil Servant Conduct Rules are projected to backing the online publication of asset declarations by senior federal civil servants by the end of December 2026, alongside measures for limited disclosure of confidential personal information and risk based verification.

Pakistan is additionally anticipated to pursue reforms aimed at strengthening the independence and transparency of the National Accountability Bureau.

While investigation and prosecution rules and annual enforcement statistics are projected to be published by the end of January 2027, amendments to the NAB Ordinance are to be submitted to Parliament to strengthen the appointment process for the NAB chairman. Stay Connected with ProPakistani.

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Taken together, the developments around pakistan, IMF to Begin 4th Review of $7 Billion EFF in September point to a situation that is still moving, and the coming days should bring more clarity.