The Ministry of Finance has dismissed recent rumors about potential issues with Pakistan’s International Monetary Fund (IMF) program, stating that it is “progressing smoothly” without disruptions.
In a press release on Tuesday, the ministry confirmed that the government is fully committed to meeting all the conditions of the 37-month IMF program and working closely with IMF staff to ensure its successful completion. Finance Minister Muhammad Aurangzeb emphasized that the government remains focused on macroeconomic reforms, which are key to achieving long-term stability.
The ministry clarified that any speculation about problems in the program’s implementation is unfounded and based on personal opinions rather than credible evidence. The government remains committed to economic stability and fulfilling all obligations under the IMF program with transparency and diligence.
Minister Aurangzeb also stressed that adhering to the IMF reform agenda, which includes changes in taxation, energy, state-owned enterprises, and public finances, is crucial for Pakistan’s long-term economic development. He reaffirmed that there is no alternative but to continue with the reform path.
In September, the IMF approved a $7 billion Extended Fund Facility for Pakistan, and the first review of the program is scheduled for the first quarter of 2025.
