Pakistan is set to begin detailed talks with the International Monetary Fund (IMF) for the third review of its economic programme under the Extended Fund Facility.
Finance Minister Muhammad Aurangzeb said the IMF delegation has reached Karachi and will start formal discussions with Pakistani officials in Islamabad from Monday. The review will examine Pakistan’s progress on key targets agreed under the programme.
Speaking to reporters, the minister said the talks would cover performance benchmarks, fiscal targets and overall economic indicators. He expressed confidence that the country is in a stable position, especially in terms of tax collection.
Focus on tax performance
Aurangzeb said revenue collection by the Federal Board of Revenue will be a central part of the discussions. He noted that tax figures have improved in recent months and the government will brief the IMF team on steps taken to meet agreed goals.
The Extended Fund Facility, often referred to as the EFF, requires regular reviews before funds are released. Each review looks at whether the country has met specific economic and fiscal conditions.
The minister also addressed concerns about the rollover of deposits from the United Arab Emirates. Some analysts had raised questions about whether the deposits would be extended.
Aurangzeb dismissed these concerns. He said Pakistan remains in close contact with UAE authorities and there is no issue regarding the rollover. He added that the government is in constant engagement with its partners and sees no reason for worry.
He said Pakistan is continuing to implement the financing plan agreed with the IMF and remains committed to meeting its obligations under the programme.
Push for digital finance reforms
The finance minister also spoke about reforms in digital finance. He said the government hopes to secure approval for legislation related to cryptocurrency soon.
According to Aurangzeb, work is under way to bring cryptocurrency and tokenisation into a formal regulatory framework. The aim is to promote innovation while ensuring proper oversight and safeguards.
He said Pakistan is moving forward in a structured way and wants to create space for new financial technologies without risking economic stability.
The upcoming IMF review is seen as important for maintaining investor confidence and ensuring continued financial support as Pakistan works to strengthen its economy.
