Washington : The International Monetary Fund (IMF) has commended Pakistan’s reform measures under its IMF-supported programme, highlighting their role in stabilising the economy and restoring market confidence.
IMF spokesperson Julie Kozack noted that Pakistan is currently implementing an Extended Fund Facility (EFF) arrangement. An IMF staff team is scheduled to visit Pakistan from February 25 to conduct the third review under the EFF and the second review under the Resilience and Sustainability Facility (RSF).
Kozack said the country’s policy actions have contributed to macroeconomic stability, maintained a primary fiscal surplus of 1.3% of GDP in FY2025, kept headline inflation under control, and achieved Pakistan’s first current account surplus in 14 years.
The IMF also welcomed the recently released Governance and Corruption Diagnostic Report, which recommends simplifying tax policies, increasing transparency in asset declarations, and ensuring fairness in public procurement.
In response, Pakistan has prepared a 15-point action plan targeting high-risk federal agencies, reforming economic dispute resolution mechanisms, and implementing performance assessments for courts and judges.
The government plans legislative updates to the Anti-Money Laundering Act (AMLA) 2010 to clarify ambiguities, strengthen investigative powers, and improve prosecution procedures, with amendments expected in Parliament by June 2027.
Pakistan also aims to establish a centralised Corruption Risk Assessment Framework under the National Anti-Corruption Task Force, coordinating agencies such as NAB, FIA, and AML/CFT Authority to monitor and address institutional vulnerabilities.
Last December, the IMF Executive Board approved a $1.2 billion loan for Pakistan following the second review of its economic reform programme under the EFF.
