ISLAMABAD \u2014 In a major economic development, Pakistan has successfully met all the conditions set by the International Monetary Fund (IMF) under its ongoing Extended Fund Facility (EFF) program, paving the way for the approval of the next tranche worth $1.2 billion, highly placed government sources confirmed.
According to sources, Pakistan has fully complied with key benchmarks including fiscal deficit reduction, tax revenue collection targets, energy sector reforms, and the restoration of foreign exchange reserves. The IMF’s technical team is reportedly satisfied with Pakistan’s performance, and formal approval of the tranche is expected at the upcoming IMF Executive Board meeting.
The development is being hailed as a significant milestone in Pakistan’s economic stabilization journey. The release of the new tranche is expected to further strengthen the country’s foreign exchange reserves and restore investor confidence in the Pakistani economy.
Petroleum Levy Surpasses Target; Government Mulls Further Increase
In a parallel development, sources at the Ministry of Finance revealed that petroleum levy collection for the current fiscal year is likely to exceed the annual target of Rs. 1,468 billion \u2014 a figure the government is touting as a major fiscal achievement.
However, sources also disclosed that the government is seriously considering a further increase in petroleum levy for the next fiscal year to meet IMF revenue benchmarks and keep the fiscal deficit in check.
Economic analysts have expressed concern over the potential move, warning that any hike in petroleum levy would directly translate into higher petrol and diesel prices, triggering a cascade effect on transport costs, food prices, and everyday commodities \u2014 ultimately adding to the burden of the common citizen.
It is worth noting that Pakistan and the IMF reached an agreement on a $7 billion Extended Fund Facility last year. Several tranches have already been disbursed, and the approval of the latest installment is seen as a confirmation of the program’s continuity and Pakistan’s commitment to economic reform.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD \u2014 In a major economic development, Pakistan has successfully met all the conditions set by the International Monetary Fund (IMF) under its ongoing Extended Fund Facility (EFF) program, paving the way for the approval of the next tranche worth $1.2 billion, highly placed government sources confirmed.According to sources, Pakistan has fully complied with key benchmarks including fiscal deficit reduction,…<\/p>\n","protected":false},"author":13,"featured_media":59661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-59733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news"],"taxonomy_info":{"category":[{"value":4,"label":"Breaking News"}]},"featured_image_src_large":["https:\/\/newsvog.com\/ur\/wp-content\/uploads\/IMG-20260428-WA2335.jpg",440,330,false],"author_info":{"display_name":"Muhammad Saleem","author_link":"https:\/\/newsvog.com\/ur\/author\/admurdus"},"comment_info":0,"category_info":[{"term_id":4,"name":"Breaking News","slug":"breaking-news","term_group":0,"term_taxonomy_id":4,"taxonomy":"category","description":"Breaking News","parent":0,"count":5283,"filter":"raw","cat_ID":4,"category_count":5283,"category_description":"Breaking News","cat_name":"Breaking News","category_nicename":"breaking-news","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/posts\/59733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/comments?post=59733"}],"version-history":[{"count":0,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/posts\/59733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/media\/59661"}],"wp:attachment":[{"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/media?parent=59733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/categories?post=59733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsvog.com\/ur\/wp-json\/wp\/v2\/tags?post=59733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}