## IMF Staff Concludes Visit to Pakistan

_IMF News, February 10, 2023_

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## Bibliographic details
- Published: February 10, 2023

---

### Mission overview and administrative 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

### Nature of the release
- 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.

### Key findings and assessment
- 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.

### Policy priorities and recommendations (as stated by the mission)
- 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).*

---


## References

- [Pakistan and the IMF](http://www.imf.org/external/country/PAK/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2023/02/10/imf-staff-concludes-visit-to-pakistan_