{
  "id": 9576866,
  "title": "Govt Thinks It Has Done Enough to Satisfy IMF",
  "url": "https://urgent.news/2026/09/24/govt-thinks-it-has-done-enough-to-satisfy-imf",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T15:14:42.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/09/24/govt-thinks-it-has-done-enough-to-satisfy-imf/"
  },
  "original_language": "en",
  "account": "The Pakistani government has made significant strides in meeting the requirements of the International Monetary Fund (IMF) program, although some targets, such as circular debt, have not been fully accomplished, according to Finance Secretary Imdadullah Bosal. During a review of the IMF program, tax reforms, state-owned enterprise losses, privatization, and government austerity measures on September 24, the National Assembly Standing Committee on Finance and Revenue discussed various aspects of the situation.\n\nBosal informed the committee that Pakistan had successfully completed three IMF review rounds so far. He stated that the program has contributed to improving foreign exchange reserves, supporting debt repayments, and alleviating external payment pressures. Progress has also been made in tax reforms, including the elimination of tax exemptions and restrictions on supplementary grants. However, some program targets remain unfulfilled.\n\nCircular debt, while being maintained within a specified limit, has not been fully addressed. Additionally, the IMF delegation arrived in Pakistan for the fourth review, with formal talks between the IMF and the Ministry of Finance set to commence on Monday. In terms of remittances, Bosal revealed that the government intends to phase out the subsidy scheme starting July 1. Despite this withdrawal, remittances have continued to perform robustly.\n\nThe committee was also briefed on Federal Board of Revenue (FBR) reforms, with Bosal announcing the establishment of a Tax Policy Office to analyze tax data and support ongoing reforms. He reported that 74 amendments have been proposed to the Companies Act, and work on sugar-sector liberalization is ongoing. Three provinces have agreed to deregulation, while one province has raised objections to the policy. The government has stated that it will not provide additional tax concessions to Special Economic Zones.\n\nThe committee also addressed the issue of asset declarations by government officials. Bosal mentioned that the process had begun, with the FBR providing certain asset information to the Establishment Division. Disciplinary action could be taken in cases of unusual discrepancies identified. Bosal emphasized that there was no deliberate obstruction, although some information had been withheld for security reasons.",
  "summary": "The government has made substantial efforts to meet the conditions of the International Monetary Fund (IMF) program, although some targets, … Read More The post Govt Thinks It Has Done Enough to Satisfy IMF appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}