Pakistan vows to continue economic reforms, Muhammad Aurangzeb assures IMF

Federal Finance Minister Senator Muhammad Aurangzeb assured the International Monetary Fund (IMF) of the continuation of reforms, as reported by national media on Tuesday. 

According to details, Federal Finance Minister Muhammad Aurangzeb met with IMF Managing Director Kristalina Georgieva in Washington. The meeting took place on the sidelines of the Spring Meetings of the World Bank and the IMF, during which the Finance Minister expressed gratitude for the staff-level agreement.

The Finance Minister gave complete assurance to the IMF chief regarding the continuation of reforms undertaken by the Government of Pakistan. Finance Minister Muhammad Aurangzeb highlighted the ongoing reforms in the areas of taxation, energy, privatization, state-owned enterprises, pensions, and debt management.

He also emphasized the importance of the World Bank’s Country Partnership Framework. In addition, he reiterated the Prime Minister’s invitation to the IMF chief to visit Pakistan.

​As of April 2025, relations between Pakistan and the International Monetary Fund (IMF) are notably positive, marked by recent collaborative agreements. In March 2025, a staff-level agreement was reached, unlocking $2.3 billion in funding, $1.3 billion under the new Resilience and Sustainability Facility (RSF) and $1 billion from the ongoing Extended Fund Facility (EFF).

These agreements aim to bolster Pakistan’s macroeconomic stability, focusing on fiscal discipline, inflation control, and structural reforms, including tax base expansion and energy sector improvements .

The IMF has acknowledged Pakistan’s progress over the past 18 months, highlighting reduced inflation, improved financial conditions, and stronger external balances. However, it also notes ongoing challenges such as policy slippages, geopolitical risks, and climate vulnerabilities.