Pakistan commits to fiscal targets as IMF reviews reforms, budget

Key points

• The International Monetary Fund (IMF) has concluded its latest round of discussions with Pakistan, focusing on the country’s economic outlook, upcoming budget plans and the implementation of reforms linked to its ongoing IMF-supported financial programmes.
• In a statement released on Wednesday, the IMF said Pakistani authorities had committed to achieving a primary budget surplus target of 2 percent of gross domestic product (GDP) in the 2027 fiscal year as part of efforts to stabilise the economy and maintain fiscal discipline.
• Read Full Story The IMF delegation, led by adviser Iva Petrova, visited Islamabad from May 13 to May 20 for detailed consultations with Pakistani officials.
• The discussions covered recent economic developments, reform progress and the possible impact of growing instability in the Middle East on Pakistan’s economy.
• The latest talks come shortly after the IMF approved around $1.32 billion in additional funding for Pakistan earlier this month under the country’s...