ISLAMABAD: The International Monetary Fund (IMF) has said that Pakistan remains under an Extended Fund Facility (EFF) arrangement and that an IMF staff team is expected to visit the country starting Feb. 25.
Speaking at a press briefing in Washington on Thursday, IMF Communications Director Julie Kozack said the visit will be for discussions on the Third Review under the EFFand the Second Review under the Resilience and Sustainability Facility (RSF).
Kozack said Pakistan’s policy efforts under the EFF have helped stabilize the economy and rebuild confidence.
She said fiscal performance has been strong, noting that Pakistan currently has a primary fiscal surplus of 1.3% of GDP in fiscal year 2025, which is in line with program targets.
Headline inflation has been relatively contained, she added.
Kozack also said Pakistan posted its first current account surplus in 14 years in fiscal year 2025.
She further noted that the Governance and Corruption Diagnostic Report was recently published and includes proposals for reforms, including simplifying tax policy design, leveling the playing field for public procurement, and improving asset declaration transparency.
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