IMF Said: DO MORE To GET MORE To Pakistan

Negotiations between Pakistan and the International Monetary Fund (IMF) regarding the economic review are currently in progress. The IMF has urged Pakistan to take further steps to strengthen financial reforms, emphasizing the term “DO MORE“.

During the discussions, the IMF stressed the urgency of implementing cost-cutting measures to reduce government expenditures. The organization also asked the Pakistani government to devise a clear plan to address the tax revenue shortfall, which has exceeded 600 billion PKR.

According to sources, the IMF has requested a comprehensive strategy on how the country plans to bridge the revenue gap in the next quarter. Additionally, the delegation was briefed on large-scale retailers in major cities who remain outside the tax net. The IMF emphasized the need for stronger tax collection efforts in high-risk cases within Islamabad, Karachi, and Lahore. Furthermore, discussions were held regarding Islamic banking policies and their implementation framework.

Meetings with State Bank of Pakistan (SBP) officials focused on refinance schemes, transition and development finance, and a review of the external economic sector along with the current foreign exchange market situation.

Sources suggest that Pakistan is under growing pressure from the IMF, as the organization put forward stricter financial demands, urging the government to take decisive steps toward economic stability.