IMF Staff Concludes Visit to Pakistan

IMF News, February 10, 2023

Source details

Press Release No. pr23/40
Title: IMF Staff Concludes Visit to Pakistan
Date of statement: February 9, 2023
Mission dates: January 31 – February 9
Led by: Mr. Nathan Porter
Purpose: Discussions under the ninth review of the authorities’ program supported by the IMF Extended Fund Facility (EFF) arrangement
Press officer: Randa Elnagar
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- Twitter: @IMFSpokesperson

This is an end-of-mission press release conveying preliminary findings after a visit to a country.
The views expressed are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.
This mission will not result in a Board discussion.
Virtual discussions will continue in the coming days to finalize implementation details of the policies.

The IMF team welcomed the Prime Minister’s commitment to implement policies needed to safeguard macroeconomic stability.
The authorities engaged in constructive discussions with the IMF team.
Considerable progress was made during the mission on policy measures to address domestic and external imbalances.

Strengthen the fiscal position with permanent revenue measures.
Reduce untargeted subsidies while scaling up social protection to help the most vulnerable and those affected by the floods.
Allow the exchange rate to be market determined to gradually eliminate the foreign exchange shortage.
Enhance energy provision by:
- Preventing further accumulation of circular debt.
- Ensuring the viability of the energy sector.
The timely and decisive implementation of these policies, along with resolute financial support from official partners, are critical for Pakistan to successfully regain macroeconomic stability and advance its sustainable development.

Source: IMF Staff Concludes Visit to Pakistan — Press Release No. pr23/40 (February 9, 2023).