Negotiations between Finance Minister Muhammad Aurangzeb and the IMF mission have concluded, during which the economic team briefed the delegation on the country’s performance in the first eight months of the current fiscal year.
According to sources, the briefing highlighted that economic stability has been achieved following the IMF program. The IMF delegation was led by review mission chief Nathan Porter.
Finance Minister Muhammad Aurangzeb provided an overview of the economic situation and assured the IMF of full compliance with the program. The Ministry of Finance presented a briefing covering the economic situation from July to February.
Details regarding the fiscal deficit, primary balance, provincial surpluses, and revenue collection were discussed. The IMF delegation also reviewed revenue figures from July to January of the current fiscal year.
Officials from the Economic, Budget, External Finance, and Regulations wings, along with the Director General of Debt, participated in the briefing. It was reported that the fiscal deficit from July to December was recorded at Rs 1,537 billion.
Chairman FBR, Rashid Langrial, was also present during the talks, where he briefed the delegation on revenue collection. FBR board members also participated in the discussions.
Sources indicate that the IMF delegation will provide recommendations for the next fiscal year’s budget. Pakistan presented a report on compliance with the $7 billion loan program conditions, along with an economic performance report for the first half of the fiscal year.
