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Pakistan

Jehangir Kothari Parade, Karachi, Pakistan

Pakistan Resident Representative Site

Resident Representative Office in Pakistan

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.

News—Highlights

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Catching Up in a Multipolar Polar World

Op-ed by Mansoor Dailami in The News; April 28, 2014 click for more

Statement at the Conclusion of an IMF Staff Mission on Pakistan

An International Monetary Fund (IMF) staff mission, led by Mr. Jeffrey Franks, met with the Pakistan authorities in Dubai from February 1-9, 2014 for discussions on the second review of Pakistan’s IMF-supported program under the Extended Fund Facility (EFF) approved by the Executive Board of the IMF on September 4, 2013. click for more

Pakistan: The Realities of Economic Reform

A Blog By Jeffrey Franks click for more

IMF Executive Board Completes First Review Under the Extended Fund Facility Arrangement for Pakistan and Approves US$553.3 Million Disbursement

Press Release click for more

Op-ed by Mansoor Dailami, IMF Resident Representative in Pakistan, November 25, 2013

On November 8, IMF staff and the government of Pakistan successfully concluded discussions for the first review of the IMF arrangement in support of the government’s economic reform agenda. The IMF board will now review Pakistan’s performance and be in a position to authorise the second disbursement in late December. click for more

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Pakistan and The IMF

Pakistan: Seventh Review Under the Extended Arrangement and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

July 2, 2015
Series: Country Report No. 15/162 click for more

Press Release: IMF Executive Board Completes Seventh Review under the EFF for Pakistan

June 26, 2015

Pakistan -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 12, 2015

June 12, 2015
PDF File Size: 741Kb click for more

Press Release: IMF Staff Concludes Seventh Review Mission Under an EFF with Pakistan

May 11, 2015

IMF Survey : Pakistan Should Persist with Reforms, IMF Says

April 7, 2015
Pakistan has succeeded in stabilizing its economy, but steady implementation of reforms will be vital if the country hopes to find a place among the world’s fast-growing emerging markets, the IMF says. click for more

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Middle East, North Africa, Afghanistan, and Pakistan: Oil, Conflicts, and Transitions

A modest recovery is expected to continue in the MENAP despite a slump in oil prices, raging regional conflicts, and lingering uncertainty of the post-Arab Spring transitions.

  • Despite a sharp decline in oil prices, growth in the oil-exporting countries is projected to remain steady at 2.4 percent in 2015, with inflation subdued. Faced with large oil revenue losses, most countries are expected to use accumulated financial buffers and available financing to cushion some of the impact on growth while gradually slowing their fiscal spending, so that they can share the now reduced oil wealth equitably with future generations and rebuild buffers for dealing with oil price volatility. Specific policy announcements would help reduce uncertainty about how medium-term fiscal consolidation plans will be carried out.
  • In the oil-importing countries, growth is expected to strengthen from 3 percent in 2014 to 4 percent in 2015, supported by a gradual recovery in the euro area, improved domestic confidence, and more accommodative fiscal and monetary policies. Lower oil prices are helping, though their impact on near-term growth has been moderated in many countries by incomplete pass-through to retail fuel prices. Consequently, the benefits are mainly in the form of improved fiscal/quasi-fiscal positions and external vulnerabilities rather than stronger growth. Solidifying recent subsidy reforms will help lock in the gains, which can help reduce fiscal and external vulnerabilities where needed and, in other countries, make space for increased growth-enhancing spending.

Although rising, economic growth rates remain too low to make a dent into high unemployment across the region, especially among the youth. Raising economic prospects in a sustainable and inclusive manner suggests the need for multifaceted structural reforms.

Resident Representative for Pakistan

Tokhir N. Mirzoev
Tel: 92 51 2600342
Fax: 92 51 2600343
E-mail: RR-PAK@imf.org