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Wednesday, February 12, 2025

PM, IMF Chief Discuss Reform Progress

Dubai (TDI): Prime Minister Shehbaz Sharif assured International Monetary Fund (IMF) Managing Director Kristalina Georgieva that Pakistan would continue with reforms to ensure economic stability.

The prime minister, during a meeting with Georgieva held on the margins of the World Governments Summit 2025 in Dubai, discussed Pakistan’s ongoing IMF programme and the macroeconomic stability achieved through the government’s comprehensive reform agenda.

A three-member IMF mission is also in Pakistan to conduct a Governance and Corruption Diagnostic Assessment under the country’s 2024 Extended Fund Facility programme.

They have already met Chief Justice Yahya Afridi.

Islamabad, currently bolstered by a $7 billion facility from the IMF granted in September last year, is navigating an economic recovery.

Also Read: IMF Downgrades Pakistan’s GDP Growth Estimate to 3%

The IMF is set to review Pakistan’s progress by March, with the government and central bank expressing optimism about meeting its targets.

Meanwhile, the Dubai meeting underlined Pakistan’s commitment to implementing structural reforms and maintaining fiscal discipline, which had been instrumental in restoring economic stability and would be critical in driving sustainable development, according to a statement from the PM Office issued Wednesday.

Prime Minister Shehbaz highlighted the progress made under the IMF’s EFF, which has played a major role in stabilizing Pakistan’s economy; setting it on the path of long-term recovery.

Also Read: Pakistan Commits to complete 37-Month IMF Deal  

He reaffirmed the government’s resolve to sustain the reform momentum, especially in critical areas like tax reform, energy sector efficiency, and private sector development.

The prime minister assured the IMF chief of Pakistan’s commitment to economic prudence, efficiency, and sustainability as essential pillars for achieving inclusive and sustained development.

In response, Georgieva appreciated Pakistan’s efforts in effectively implementing the IMF-supported programme, underlining the country’s improving economic performance with rising growth and declining inflation.

She said that Pakistan is on the path to growth and has undergone economic recovery.

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