Pakistan: Second Review Under the Extended Arrangement Under the Extended Fund Facility, First Review Under the Resilience and Sustainability Facility, Request for a Waiver of Nonobservance of a Performance Criterion, and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

International Monetary Fund

No 2025/332, IMF Staff Country Reports from International Monetary Fund

Abstract: Continued strong policy implementation has helped Pakistan weather several shocks this year. Growth was stronger than anticipated in FY25, but the recent floods moderately dampen the outlook for FY26. Financial conditions and external balances have remained favorable, with Pakistan posting its first current account surplus in 14 years in FY25 and reserve rebuilding continuing. Headline inflation has been contained despite some flood-related food price increases.

Keywords: foreign currency swap; cash transfer; net tax revenues; step recapitalization plan; revenue authorities; Natural disasters; Fiscal stance; Global; Middle East; Central Asia (search for similar items in EconPapers)
Pages: 117
Date: 2025-12-11
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