IMF praises Pakistan's fiscal reforms, negotiations ongoing

Pakistan and the International Monetary Fund (IMF) have not yet finalized a staff-level agreement, despite acknowledging significant progress in negotiations. Frequent policy changes have complicated discussions, preventing a consensus. The IMF praised Pakistan's program implementation and fiscal reforms but noted challenges, including achieving a primary surplus and addressing power sector losses. Discussions will continue virtually to finalize the agreement. Additionally, an agreement was reached to increase the number of Point of Sale machines and implement video surveillance of manufactured goods. The IMF is also exploring support for Pakistan's climate reform agenda.