Islamabad (Commerce Desk) Pakistan has achieved 13 out of 17 quantitative targets set under the International Monetary Fund (IMF) loan program up to December 2025.
According to sources, two targets could not be met, while data for two others could not be provided. The Federal Board of Revenue reportedly failed to provide required information regarding income tax collection from retailers and the target of adding 500,000 new tax filers.
An IMF staff report has been submitted to the Executive Board, and approval of a $1.2 billion tranche is expected in May 2026 based on the findings.
The report states that key financial targets, including the State Bank’s net international reserves, were successfully achieved. Government primary budget deficit, guarantees, and provincial tax collection targets also remained within the set limits.
Meanwhile, some fiscal targets have been extended, and additional benchmarks have been set for June 2026, with implementation currently underway.