ISLAMABAD (September 29, 2025): The much-anticipated discussions between Pakistan’s Ministry of Finance (MoF) and the International Monetary Fund (IMF) officially began in Islamabad on Monday. Finance Minister Muhammad Aurangzeb chaired the session with the visiting IMF review mission, which is assessing Pakistan’s fiscal progress under ongoing financial programs.
Key Highlights
- IMF–MoF talks kicked off in Islamabad, chaired by Finance Minister Muhammad Aurangzeb.
- IMF mission led by Iva Petrova, Pakistan’s Mission Chief at the IMF.
- Focus areas: progress of technical talks, fiscal roadmap, and program reviews.
- Attendees include Finance Secretary Imdadullah Bosal, SBP Governor Jameel Ahmed, and FBR Chairman Rashid Mahmood Langrial.
- Discussions cover revenue collection, tax performance, and possible first-quarter shortfall.
- Flood impact on revenue collection presented to IMF mission.
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Technical Discussions Underway
The Ministry of Finance confirmed the development through an official social media post, noting that the meeting marks the start of high-level review sessions. The agenda centers on progress in technical talks and outlining Pakistan’s fiscal roadmap to maintain stability.
The IMF mission is led by Ms. Iva Petrova, with IMF Resident Representative Mahir Binici earlier confirming that the delegation would review progress under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF).
Revenue and Fiscal Briefings
Last week, the Federal Board of Revenue (FBR) updated the IMF technical team on revenue data as part of preliminary meetings. During today’s session, FBR Chairman Rashid Mahmood Langrial provided a detailed briefing on revenue collection performance in the current fiscal year.
Sources confirmed that the delegation discussed progress toward revenue targets and examined potential tax shortfalls in the first quarter. It was also highlighted that recent floods had negatively impacted tax collection efforts, creating additional fiscal challenges for the government.
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