Archive · 6 Aug 2025
Pakistan Faces IMF Hurdles, But Loan Hopes Remain
Pakistan is getting money from the IMF, a group that lends to countries.
They had to agree to do certain things, like collect taxes and save money, to get the money.
Pakistan didn't do everything they promised.
They didn't collect enough taxes, and provinces didn't save as much as planned.
But Pakistan did save more money than the IMF wanted in some areas.
Even with some misses, they might still get more money because they did well in other areas.
Pakistan missed 3 of 5 IMF targets related to the $7 billion bailout package.
The Federal Board of Revenue (FBR) fell short on revenue collection targets, including the Tajir Dost Scheme.
Provincial governments did not meet the cash surplus target of PKR 1.2 trillion.
Pakistan achieved a primary budget surplus of PKR 2.4 trillion, exceeding the IMF target.
The government is expected to have minimal obstacles during review talks despite the shortfalls.
- Who
- Pakistan and the International Monetary Fund (IMF).
- What
- Pakistan missed three out of five IMF targets tied to a $7 billion bailout package.
- When
- The shortfalls occurred during the last fiscal year, ending in June.
- Where
- Pakistan
- Why
- Pakistan missed targets due to lower-than-expected revenue and provincial spending.
Government View
Critic's View
Fiscal Performance
Government View
The government highlights fiscal stability.
Critic's View
Critics point to missed targets and ongoing reliance on borrowing.
- Bailout Package Size
- $7 billion
- IMF Target Misses
- 3 out of 5
- Primary Budget Surplus
- PKR 2.4 trillion
- Provincial Savings Target
- PKR 1.2 trillion
- FBR Revenue Target
- PKR 12.3 trillion
- Tajir Dost Scheme Target
- PKR 50 billion
- Overall Fiscal Deficit
- 5.4%
