ISLAMABAD: A team from the International Monetary Fund (IMF) is scheduled to arrive in Islamabad tomorrow to hold consultations on the preparation of the federal budget for the upcoming fiscal year 2025-26.
The visit will commence on April 4 and is expected to continue into next week.
Sources indicate that the IMF team will engage in detailed discussions with Pakistani officials regarding key issues such as tax revenue measures, reductions in government expenditures, and developmental spending.
During this consultation period, financial officials and IMF experts will work together to prepare budget proposals, which will be submitted for final approval.
The federal budget for the fiscal year 2025-26 is anticipated to be presented in the National Assembly during the first week of June.
The IMF had commended Pakistan’s government for its fiscal policy efforts, highlighting significant achievements in reducing public debt, controlling inflation, enhancing tax equity, and maintaining price stability on March 26.
Also, last month, IMF staff reached a deal with Pakistan for a new $1.3 billion arrangement and also agreed on the first review of the ongoing 37-month bailout program, the IMF said.
