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.
Pakistan: At a Glance
- Financial Position in the Fund; July 31, 2017
- Transactions with the Fund; July 31, 2017
Office Activities
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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
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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
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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
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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
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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
IMF's work on Pakistan
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Transcript of IMF Press Briefing
November 21, 2024
MS. KOZACK: Good morning, everyone. It's great to see you all here in person and online. Welcome to this IMF press briefing. My name is Julie Kozack. I'm the Director of Communications at the IMF.
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IMF Staff Concludes Visit to Pakistan
November 15, 2024
An International Monetary Fund (IMF) mission led by Mr. Nathan Porter concluded a staff visit to Pakistan from November 12 to 15, 2024
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Pakistan: Technical Assistance Report-Improving Budget Practices
November 14, 2024
Series:Technical Assistance Report No. 2024/099
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October 24, 2024
This year has been challenging, with conflicts causing devastating human suffering and economic damage. Oil production cuts are contributing to sluggish growth in many economies, too. The recent escalation in Lebanon has increased uncertainty in the MENA region. The second important issue is on growth. For 2024, growth is projected at 2.1 percent, a downgrade revision of 0.6 percent from the April WEO forecast, and this is largely due to the impact of the conflict and the prolonged OPEC+ production cuts. To the extent that these gradually abate, we anticipate stronger growth of 4 percent in 2025. However, uncertainty about when these factors will ease is still very high.
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October 10, 2024
Series:Country Report No. 2024/311
Regional Economic Outlook
October 31, 2024
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