This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Pakistan and the IMF. Additional information can be found on Pakistan and IMF country page, including official IMF reports and Executive Board documents in English that deal with Pakistan.

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Pakistan: At a Glance

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Office Activities

  • Outreach on the 2024 Extended Fund Facility with Pakistan

    The Resident Representative's office in Pakistan conducted outreach during October and November 2024 to discuss the key goals and policies under the recently approved 2024 Extended Fund Facility (EFF) in support of the authorities’ home-grown economic program. The events were hosted by prominent think tanks, academic institutions, and private sector organizations. During the discussions, participants highlighted the social impact of IMF reforms in Pakistan, as well as the interplay between energy policies, taxation under the EFF, and business growth. The Resident Representative outlined safeguards to protect real incomes and key social and development investments as fiscal consolidation progresses. She emphasized the need for structural reforms in the energy sector to sustainably reduce energy costs and the program’s focus on under-taxed sectors to create a more equitable taxation system. Additionally, she stressed the importance of fostering competition over subsidies for sustainable growth. Finally, she expressed optimism about the sustainability of reforms, noting the growing ownership of the reform agenda within Pakistan.

    November 11, 2024

  • 2024 Regional Economic Outlook for the Middle East and Central Asia: Outreach Mission to Pakistan

    The Res Rep office conducted outreach on the 2024 Regional Economic Outlook for the Middle East and Central Asia, engaging academic establishments and think tanks in Bahawalpur, Islamabad, Lahore, Faisalabad, Peshawar, and Sukkur. Over 500 participants attended, with counterparts acknowledging the relevance and rigor of the economic impact of conflicts.

    May 31, 2024

  • International Chartered Management Accountants, Pakistan (ICMAP): Interview with Esther Perez, IMF Resident Representative in Pakistan

    The International Chartered Management Accountants, Pakistan (ICMAP), whose mission is to promote excellence amongst the liberal professions in the country, dedicated its 2024 March-April magazine to “Pakistan, IMF, and the Way”. In her interview with ICMAP, the IMF Resident Representative in Pakistan Ms. Esther Perez Ruiz, discussed the current economic situation and challenges facing Pakistan, and the IMF’s role in supporting Pakistan’s policies and reforms for economic stabilization and for stronger, more inclusive, and private-led growth that will benefit all Pakistanis.

    May 14, 2024

  • Policy Outlook: A Conversation with Nathan Porter, IMF Mission Chief to Pakistan

    In his conversation with Policy Outlook at the magazine of Suleman Dawood School of Business (SDSB) 360, issue 6, 2003, Nathan Porter shares his impressive professional journey leading him to his current role as the International Monetary Fund (IMF) Mission Chief to Pakistan. Mr. Porter’s policy acumen gained through a variety of leadership roles in different countries of the IMF’s membership made him an invaluable asset in facilitating the successful implementation of the recently completed Stand-by Arrangements amidst acute macroeconomic and political economy challenges facing Pakistan. Nathan’s inspiring testimonial of his work in Pakistan offers a beam of hope to its young and entrepreneurial population, as well as the economically disadvantaged, given the social orientation of IMF policies.

    May 10, 2024

  • REO Outreach in Pakistan: Nurturing Economic Dialogue with the Talented Youth

    The Res Rep office conducted outreach on the key findings and policy recommendations in the October 2023 REO for the Middle East and Central Asia. The events were hosted by seven academic establishments in Islamabad, Lahore, Karachi and Multan, attracting around 400 students and faculty. Participants expressed eagerness to comprehend the complexities of MENA and Pakistan-specific challenges of subdued growth, inflationary pressures, and higher-for-longer interest rates. The impact of escalating interest rates on countries’ external funding pressures, the already elevated sovereign-bank nexus, and further crowding out of financing for the private sector, resonated in the discussion. The engagements provided an opportunity to explain the rationale and social orientation of IMF-recommended stabilization and structural policies. The REO’s finding that well-packaged first-generation reforms can front load growth offered a beam hope amid ongoing macroeconomic adjustment and geo-economic risks surrounding the outlook. There was consensus on the need to build resilience through sound policies. Participants further demonstrated awareness of the broad challenges facing Pakistan, emphasizing the need for ambition structural reform alongside stabilization measures.

    December 1, 2023

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IMF's work on Pakistan

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Regional Economic Outlook

October 31, 2024

Regional Economic Outlook for Middle East and Central Asia, October 2024: Navigating the Evolving Geoeconomic Landscape

Navigating the Evolving Geoeconomic Landscape

The global economic landscape faces significant challenges, including from geoeconomic fragmentation. In the Middle East and North Africa and Caucasus and Central Asia regions, economies are facing shifting trade patterns while also dealing with frequent shocks from conflicts and climate change. Moreover, medium-term growth prospects have deteriorated over the past two decades and are projected to remain subdued. Decisive reforms are needed to place countries on the path to a more resilient and inclusive economic future.


Read the Report