IMF Pakistan Talks Set to Begin on September 23
Pakistan, IMF to Hold EFF and RSF Reviews Simultaneously
ISLAMABAD: (Finance Reporter) – Talks between Pakistan and the International Monetary Fund (IMF) on the fourth review of the country’s more than $7 billion Extended Fund Facility (EFF) programme are scheduled to begin on September 23, according to official sources.
The two sides are also expected to conduct the third review of the $1.4 billion Resilience and Sustainability Facility (RSF), with both reviews likely to be held simultaneously. The assessments will cover Pakistan’s economic performance and programme implementation for the period ending June 30, 2026.
The IMF mission, led by Iva Petrova, is expected to remain in Pakistan for nearly two weeks. Discussions will examine progress under the EFF and RSF, including fiscal performance, revenue collection and compliance with agreed programme targets.
A key focus will be the Federal Board of Revenue’s (FBR) tax collection performance and its targets for the first half of the fiscal year. The review is also expected to examine provincial fiscal surpluses and transfers to the federal government.
According to sources, successful completion of the reviews would make Pakistan eligible for around $1 billion under the EFF and approximately $200 million under the RSF, bringing the potential combined disbursement to about $1.2 billion. The IMF’s existing programme schedule confirms that the fourth EFF review is tied to Pakistan’s performance through June 2026, while RSF reviews are conducted concurrently with EFF reviews.
The upcoming talks will therefore assess both Pakistan’s performance during the January-June 2026 period and its commitments for the next phase of the IMF-supported programmes.
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