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Articles for tag: EFF, Finance Ministry, fuel subsidy, IMF, Muhammad Aurangzeb, targeted subsidy

Dawn

Pakistan Misses IMF Gas Tariff Deadline as Gas Sector Circular Debt Tops Rs3.44 Trillion

Pakistan has missed the July 1, 2026 IMF deadline to notify revised gas tariffs — a structural benchmark under its $7 billion Extended Fund Facility — as gas sector circular debt reached Rs3.44 trillion. The delay is attributed to a legal dispute over the OGRA chairmanship and volatile global energy prices, with officials characterising it as a "technical breach." SNGPL alone carries Rs819 billion in gas circular debt and was unable to repay a Rs50 billion bank loan taken for LNG payments.

Pakistan Has Received $4.8 Billion Under IMF Programme as Fourth Review Looms in FY27

The IMF Executive Board completed its third review of Pakistan's Extended Fund Facility on May 8, unlocking a $1.32 billion disbursement that brought total receipts under the 37-month programme to $4.8 billion. Pakistan now enters FY2026-27 with the fourth review pending — and a disputed tax target of Rs15.6 trillion that the IMF wants and Islamabad has not yet agreed to.

July 13, 2025

News Desk

IMF representative calls Pakistan’s efficiency EFF ‘strong’

The International Monetary Fund (IMF) welcomed Pakistan’s financial progress, as Pakistan’s Mahir Binici spokesman described the country’s performance as part of the expanded installation (EFF) as “strong so far”, Pakistan reported on Sunday. Speaking during a visitors to the Sustainable Development Political Institute (SDPI), Binici referred to the successful completion of the EFF first review by the IMF Executive Council in May 2025 as a key milestone. “The first policy measures have helped to restore macroeconomic stability and rebuild investor confidence, despite persistent external challenges,” he said. Read more: Pakistan receives a second dose of IMF $ 1.02B Binici emphasized

July 13, 2025

News Desk

IMF official praised Pakistan’s “strong” progress in EFF program

IMF spokesman for Pakistan Mahir Binici (left) is aimed at lecture by visitors to the Sustainable Development Political Institute (SDPI). – application Binici confirms IMF’s continued financial support in Pakistan. He says that the first completion of the IMF review in May was a key milestone. “Support through RSF will enhance Pakistan’s climate durability.” Residents of the International Monetary Fund (IMF) for Pakistan Mahir Binici said that the country’s performance in the context of the extensive EFF establishment was “strong so far” and expressed hope that its economic growth would be strengthened this year. Binici gave a comprehensive lecture by

February 22, 2025

News Desk

IMF missions due to Islamabad to finance climate, EFF Review

The Logo of the International Monetary Fund (IMF) is shown outside the Washington headquarters on September 4, 2018. – Reuters Pakistan watching $ 2-2.5 billion through the increase in EFF via RSF. Govt prepares the IMF report to meet the conditions for it. Reporting factors about the selection of PSDP drawings. ISLAMABAD: The International Monetary Fund (IMF) confirmed that two of its missions will visit Pakistan in the next two weeks. The first mission will focus on climate funding discussions, while the second will make the first review of Pakistan’s progress as part of EFF Extended Fund (EFF), The news

September 27, 2024

News Desk

Pakistan receives first tranche of $1.02 billion from IMF under EFF

In this image, the State Bank of Pakistan building in Karachi is seen. — SBP/website The State Bank of Pakistan (SBP) on Friday received the first tranche of SDR 760 million (equivalent to $1.0269 billion) from the International Monetary Fund (IMF) under the $7 billion Expanded Facility (EFF). The IMF’s Executive Board approved a 37-month program on Wednesday. These inflows will be reflected in SBP’s liquid reserves to be released on Thursday, September 30, 2024, the central bank said in a statement. Following the long-awaited approval, the IMF said the new program would require “the right policies and reforms” to

September 9, 2024

News Desk

IMF yet to include Pakistan’s $7 billion EFF on Executive Board agenda

The International Monetary Fund (IMF) is yet to add Pakistan’s new 37-month Extended Facility (EFF) to the agenda for its Executive Board meetings scheduled till September 18, according to the Fund’s official website. The upcoming meetings, scheduled for September 9, 13 and 18, do not include the $7 billion EFF deal reached with Pakistan, local media reported. Earlier this year, Pakistan concluded a $3 billion Standby Arrangement (SBA) with the IMF, aimed at bolstering the country’s foreign exchange reserves and easing the strain on its external finances. Following the completion of the SBA, Pakistan and the IMF team reached a

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