IMF Urges Pakistan to Strictly Follow Loan Program Goals

The International Monetary Fund (IMF) has emphasized the importance of Pakistan strictly implementing the targets of its current loan program, following negotiations held from November 12 to 15 under the leadership of Mission Chief Nathan Porter.

The talks, involving federal and provincial governments as well as private sector representatives, reviewed economic reforms, policies, and government performance. The discussions were part of the IMF’s semi-annual review.

Nathan Porter described the negotiations as positive, highlighting commitments to enhancing tax revenue from untapped sectors, increasing provincial roles in social security, and addressing energy reforms. He also stressed the need to expand private sector participation while reducing government involvement in various sectors.

The IMF stated that achieving the program’s targets could improve the quality of life for Pakistanis. The Executive Board will be briefed on the talks, and an IMF delegation is set to revisit Pakistan in early 2025.