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

April 7, 2015
Series: Country Report No. 15/96 click for more

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

Press Release: IMF Executive Board Completes Sixth Review Under the EFF for Pakistan

March 27, 2015

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

March 12, 2015
PDF File Size: 730Kb click for more

Press Release: Statement by IMF Director Masood Ahmed at the Conclusion of his Visit to Pakistan

March 11, 2015

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Learning to Live With Cheaper Oil Amid Weaker Demand

A large and possibly persistent decline in oil prices, and slower-than-projected growth in the euro area, China, Japan, and Russia, have substantially altered the economic context for countries in the Middle East and Central Asia. The appropriate policy response will depend on whether a country is an oil exporter or importer. A common theme, however, is that these developments present both an opportunity and an impetus to reform energy subsidies and step up structural reform efforts to support jobs and growth.

Lower oil prices have weakened the external and fiscal balances of oil exporters, including members of the Gulf Cooperation Council (GCC). Large buffers and available financing should allow most oil exporters to avoid sharp cuts in government spending, limiting the impact on near-term growth and financial stability. Oil exporters should prudently treat the oil price decline as largely permanent and adjust their medium-term fiscal consolidation plans so as to prevent major erosion of their buffers and to ensure intergenerational equity.

Gains from lower oil prices provide much-needed breathing space for oil importers but will be offset by a concurrent decline in external demand, particularly from Russia, but also from the euro area and China. Russia's sharp slowdown and currency depreciation have weakened the outlook for the Caucasus and Central Asia (CCA) because of strong linkages through trade, remittances, and foreign direct investment, suggesting the need for greater exchange rate flexibility and near-term fiscal easing where financing allows, along with stepped-up reform efforts.

Resident Representative for Pakistan

Tokhir N. Mirzoev
Resident Representative in Pakistan
Islamabad, Pakistan
Tel: 92 51 922 27 26
Fax: 92 51 922 27 27
E-mail: RR-PAK@imf.org