The International Monetary Fund has set new structural targets for Pakistan for the next year, focusing on improving the country’s economy and governance. The targets were agreed upon between Pakistani authorities and the IMF as part of ongoing efforts to strengthen financial discipline and institutional transparency.
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According to sources, the government has accepted a series of structural benchmarks with clear deadlines for implementation. These reforms will be introduced gradually across key sectors, including finance, administration, social services, energy, and trade, with completion targeted between 2026 and 2027.
To meet fiscal objectives, Pakistan is expected to align its budget for the 2027 fiscal year with IMF programme requirements. Parliament will also pass legislation in line with these agreed targets to ensure consistency and compliance.
The IMF has emphasized the need for improvements in the tax system, particularly within the Federal Board of Revenue. It has called for audit case selection to be aligned with international best practices, which is expected to enhance efficiency and fairness in tax administration.
In addition, reforms are planned in public procurement. Amendments to the Public Procurement Regulatory Authority rules are expected to increase transparency and promote competition in government institutions and state-owned enterprises.
Governance reforms are also a major component of the programme. The government has decided to introduce key amendments to the National Accountability Bureau law to make the accountability system more transparent, merit-based, and effective. These changes aim to strengthen institutional oversight and curb corruption.
Furthermore, proposals include incorporating anti-money laundering and counter-terror financing provisions into accountability laws.
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Officials say these reforms are designed to stabilize the economy, improve governance, and bring Pakistan’s systems in line with international standards.