Finance Division rejects ‘misleading’ reporting on Pakistan’s IMF programme
The Finance Division on Tuesday rejected what it described as “misleading” reporting about Pakistan’s engagement with the International Monetary Fund (IMF), saying the programme is a whole-of-government initiative rather than a Finance Division-led exercise. The ministry issued the clarification in response to a report published by The Express Tribune on September 22, titled “Iqbal seeks role in…
The Finance Division has rejected as "misleading" recent reporting on Pakistan's IMF programme, stating that the programme is a collaborative effort involving multiple federal and provincial institutions rather than being solely led by the Ministry of Finance. This clarification comes in response to a report by The Express Tribune, which inaccurately portrayed the Finance Division's role and the scope of the IMF's Extended Fund (EF) and Resilience and Sustainability (RS) facilities.
The ministry emphasized that the programme encompasses a range of reforms, including growth-enhancing structural reforms, social protection, governance, energy-sector efficiency, climate resilience, and measures to reduce economic distortions. It also disputed the claim that the petroleum development levy (PDL) is the central focus of the IMF programme, clarifying that the fiscal strategy includes broader elements such as FBR revenue mobilisation, provincial taxation, and expenditure rationalisation.
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