Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Budget discussions with Pakistan to proceed – SUCH TV

Posted on May 24, 2025 By Admin No Comments on Budget discussions with Pakistan to proceed – SUCH TV



The International Monetary Fund (IMF) has announced that discussions on Pakistan’s fiscal year 2026 (FY26) budget will continue over the coming days, following the conclusion of a staff-level visit to Islamabad.

The mission’s conclusion comes hours after the federal government announced it would now present the Budget 2025-26 on June 10, a delay from the earlier announced date of June 2, showing that it was struggling to finalise fiscal targets with the IMF.

The Economic Survey FY2025, a report card of the performance of various sectors of the economy for the outgoing fiscal year, will be unveiled a day before the budget, on June 9, the finance ministry said.

Led by IMF Mission Chief Nathan Porter, the delegation arrived in the capital on May 19 to assess recent economic developments, programme implementation, and the government’s proposed budget strategy.

In a statement at the end of the visit, Porter said: “We held constructive discussions with the authorities on their FY2026 budget proposals and broader economic policy, and reform agenda supported by the 2024 Extended Fund Facility (EFF) and the 2025 Resilience and Sustainability Facility (RSF).”

The Pakistani authorities reaffirmed their commitment to fiscal consolidation while safeguarding social and priority spending. The FY26 budget targets a primary surplus of 1.6% of GDP.

Revenue measures under discussion, the Washington-based lender’s statement said, include improved compliance and an expanded tax base, alongside prioritised expenditure.

The IMF and Pakistani officials also reviewed reforms in the power sector aimed at improving financial viability and reducing high costs. Broader structural reforms intended to encourage sustainable growth and level the business playing field were also discussed.

Porter said that the government was committed to “sound macroeconomic policy making,” adding that maintaining a tight, data-driven monetary policy remained crucial to anchoring inflation within the State Bank of Pakistan’s 5-7% medium-term target.

The statement further emphasised the importance of rebuilding foreign exchange reserves, maintaining a fully functioning foreign exchange market, and allowing greater flexibility in the exchange rate to improve external resilience.

The IMF expressed appreciation for the hospitality and cooperation of federal and provincial authorities and confirmed that the next EFF and RSF review mission is expected in the second half of 2025.



Source link

Business Tags:budget, IMF, Islamabad, Pakistan

Post navigation

Previous Post: Satellite images reveal North Korea’s mangled naval destroyer after failed launch
Next Post: RBI Dividend 2025: How India’s Central Bank Earns Money, Why It Shares Profits With Government?

More Related Articles

Elon Musk says Tesla pay deal vote is going in his favour Business
Full list of Wilko stores at risk of closure as firm files for administration Business
Price hike not caused by exports: PSMA | The Express Tribune Business
Boost for IAF’s fighter fleet! Sukhoi 30-MKI jets likely to get new engines in Rs 21,000 crore deal – Times of India Business
JSW Energy Gets 700 MW Solar Project from SJVN – News18 Business
Nissan unveils new Leaf electric car Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Trump’s envoy floats ‘end of war’ Gaza plan amid mounting pressure on Israel
  • Last wheat delivered to largest bioethanol plant under threat after trade deal
  • What impact are microplastics having on our brains? – SUCH TV
  • Stanford hires former Nike CEO Donahoe as AD
  • Surveillance video shows 26-year-old man grabbing toddler from mall play area before arrest for abduction

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme