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Pakistan Likely to Clear First IMF Review for $7bn Loan
March 5, 2025
Pakistan is likely to pass the first review of its $7bn loan program with the IMF, according to officials familiar with the matter. The government has implemented key measures such as taxing agricultural income, attempting to sell a stake in Pakistan International Airlines, and striving to meet an ambitious tax target. These actions have been presented to the IMF for evaluation. An IMF team is currently in Pakistan assessing the government’s progress, and if the first review is approved, Pakistan is expected to receive about $1bn as part of the loan package’s second installment. This review is seen as a sign of progress in Pakistan’s economic reforms. Prime Minister Sharif recently assured the IMF that his government plans to submit a growth-boosting economic plan after achieving stability. Pakistan’s finance minister, Muhammad Aurangzeb, has expressed confidence that the country will meet its revenue targets for the fiscal year and expand the tax net if needed. Pakistan’s completion of a short-term IMF program last year has helped build trust with the lender, after previous programs faced delays or early terminations due to unmet conditions.
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