IMF mission moves from Karachi to Islamabad for policy talks with Pakistan; central bank reports reserves above 17 billion dollars

According to a Daily Times report of 26 September, the IMF mission was satisfied with the State Bank of Pakistan's briefing on foreign exchange reserves, monetary policy, imports and developments in the currency market; bank officials said reserves had exceeded 17 billion dollars. According to the same report, Sindh province's tax revenue reached 593 billion rupees and its non-tax revenue 80 billion rupees as of 30 June. The reserve figure comes from a single source; it could not be independently verified.

According to an Express Tribune report of 24 September, IMF Managing Director Kristalina Georgieva met Prime Minister Shehbaz Sharif in New York on 23 September and said the reforms had preserved economic stability. The report says that if the 4th review of the 7 billion dollar Extended Fund Facility and the 3rd review of the 1.4 billion dollar climate programme are completed, 1.2 billion dollars will be released, about 1 billion dollars from the main programme and 200 million dollars from the climate programme. According to Pakera, this amount consists of 760 million SDR and 153.8 million SDR; the mission is led by Iva Petrova, the review covers performance up to June 2026 and the disbursement is expected at the end of November or the beginning of December.