The International Monetary Fund has asked Pakistan to submit a comprehensive emergency economic plan in light of rising regional tensions and their potential impact on national stability. Officials said the request aims to assess fiscal risks and ensure economic resilience during uncertain geopolitical conditions. The move reflects growing concern over external shocks and internal financial pressures. Authorities now face the challenge of presenting a credible and actionable roadmap.
According to sources, the Ministry of Finance, along with the Ministry of Energy and Ministry of Commerce, will jointly prepare the emergency framework. The plan will outline immediate steps to stabilize markets, manage fiscal deficits, and protect foreign exchange reserves. Officials intend to address the broader economic consequences of ongoing regional tensions. Coordination among federal institutions is expected to remain central to the strategy.
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Furthermore, the IMF has stressed the urgent need to accelerate tax reforms and strengthen revenue collection mechanisms. Officials from the Federal Board of Revenue briefed the delegation about the reasons behind missing revenue targets. The revised annual tax goal of Rs13,979 billion has been described as difficult to achieve under current economic conditions. Authorities acknowledged structural weaknesses that continue to limit revenue growth.
In addition, discussions covered proposed amendments to the Public Procurement Regulatory Authority Rules 2004 to improve transparency and oversight. Officials outlined measures to provide procurement data access to the Competition Commission of Pakistan, National Accountability Bureau, and the Auditor General. The government also plans to expand the e-PAD system across federal and provincial levels. These reforms aim to enhance accountability and reduce financial leakages.
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Meanwhile, authorities briefed the IMF on restructuring efforts led by the Rightsizing Committee to reduce public expenditure. By the end of 2025, the government expects to eliminate 54,000 positions, generating estimated annual savings of Rs56 billion. Officials described the cuts as part of a broader institutional reform plan designed to improve efficiency. Virtual meetings between IMF representatives and provincial authorities are scheduled to finalize coordination on the emergency plan.