IMF - International Monetary Fund Program Updates

IMF endorses diesel pricing formula​

Keeps price Rs100 lower; without change, diesel would have been Rs480/litre

Shahbaz RanaApril 26, 2026

design mohsin alam


ISLAMABAD: The International Monetary Fund (IMF) has endorsed a new formula to fix prices of high-speed diesel, which has addressed the issue of windfall gains to oil refineries due to the Middle East war and helped keep diesel prices lower by Rs100 per litre for this week.

Without any change in the formula, the diesel price would have been Rs480 per litre for the current week, compared with the Rs380.2 per litre announced by Petroleum Minister Ali Pervaiz Malik on Friday. Government officials said the federal cabinet last week approved a new pricing mechanism for setting diesel prices for at least three months.

However, the IMF raised questions about the second change in the formula within one week and its implications for the budget. A virtual meeting was held with the IMF on Friday, hours before the announcement of new prices, and the fund agreed to the changes, which have taken care of consumers' interests without adding burden to the budget, said the sources.

The new formula is now based on price determination using the value of Dubai crude oil, ending the mechanism of determining rates on the basis of average Platts of refined products. The issue of windfall gains to oil refineries was first raised by former finance minister Miftah Ismail, which led to an internal government review of pricing.

Sources said the IMF accepted the changes after assurances that the stakes of all shareholders had been protected. Refineries stepped forward to play a proactive role and worked with the Petroleum Division to jointly work out solutions to everyday challenges, said Petroleum Minister Ali Pervaiz Malik while confirming the development. He added that the prime minister himself took stock daily to find a solution to protect consumers as much as possible.
 

IMF seeks removal of SWF powers​

Wealth fund reduced to holding company without direct asset sale rights

Shahbaz Rana
May 05, 2026

tribune



ISLAMABAD: Pakistan has given a commitment to the International Monetary Fund (IMF) to strip the Sovereign Wealth Fund (SWF) of its legal powers to directly sell assets of state owned enterprises (SOEs) to foreign nations and to retain revenues or take loans.

According to these assurances, Pakistan will not make the SWF operational until parliament approves new amendments to its law that withdraw all those powers and lower the fund's status to that of a holding company.

However, the finance ministry again missed the extended deadline to submit these amendments to parliament by the end of March. To prevent any back pedalling by the government, the IMF has imposed a condition that the wealth fund cannot be made operational until its law is drastically revised to the global lender's satisfaction.
 

IMF approves $1.2b lifeline with new strings attached​

Govt pledges adherence to pre-war targets, money will be disbursed early next week

Shahbaz Rana
May 09, 2026

ISLAMABAD: The International Monetary Fund's executive board on Friday approved $1.2 billion loan tranches after Pakistan accepted a dozen new conditions and pledged adherence to pre-war programme targets to keep its economic stabilisation efforts on track.

With the fresh approval, Pakistan has so far received a $4.5 billion loan from the IMF against two separate debt packages totaling $8.4 billion.

Pakistan has access to another $1 billion under the Extended Fund Facility and $200 million under the Resilience and Sustainability Facility.

The money would be disbursed early next week, which will take the central bank's reserves to over $17 billion, said the government officials.

However, the government had to stick to the old fiscal and monetary targets and gave a commitment to stay on the path of stabilisation despite strong voices against these policies that have caused higher unemployment, higher poverty and higher income inequality.

The IMF executive board also approved a modification of one end-June performance criteria, specifically the floor on net international reserves of the SBP.
 
According to another commitment, the new budget would be made in consultation with the IMF to ensure that it is a fiscally tight budget and the government does not chase higher economic growth, said the officials.

For the next fiscal year, the government has agreed to deliver a Rs2.84 trillion primary budget surplus target, which is equal to 2% of GDP.

Under the same plan, the State Bank of Pakistan has already increased the interest rates to 11.5% and gave a commitment to further raise rates, if inflation remains higher than the agreed limits, said the sources.

Pakistan has also assured the IMF that it would regularly adjust the electricity and gas prices to maintain a progressive tariff structure and shield the most vulnerable from large tariff increases, and cost-reducing reforms in the energy sector.
 
hypocrisy is virtue of the infidel?... no patawris?

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ghazi52 said:
According to another commitment, the new budget would be made in consultation with the IMF to ensure that it is a fiscally tight budget and the government does not chase higher economic growth, said the officials.

For the next fiscal year, the government has agreed to deliver a Rs2.84 trillion primary budget surplus target, which is equal to 2% of GDP.

Under the same plan, the State Bank of Pakistan has already increased the interest rates to 11.5% and gave a commitment to further raise rates, if inflation remains higher than the agreed limits, said the sources.

Pakistan has also assured the IMF that it would regularly adjust the electricity and gas prices to maintain a progressive tariff structure and shield the most vulnerable from large tariff increases, and cost-reducing reforms in the energy sector.
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all lies Pakistan is booming and zooming with Nawj's fragrance...
 
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SBP says it has received $1.3bn tranche from IMF​

News Desk
May 13, 2026

The State Bank of Pakistan (SBP) said on Wednesday that it had recieved $1.3 billion from the International Monetary Fund (IMF).

“The IMF Executive Board completed the third review under the Extended Fund Facility (EFF) in its meeting held on May 8 and approved the disbursement of SDR 760 million for Pakistan.

Furthermore, the IMF Executive Board has also approved the disbursement of the second tranche of SDR 154 million under the Resilience and Sustainability Facility (RSF),” the central bank said on the social media platform X.

“Accordingly, SBP has received SDR 914 million (equivalent to about US$ 1.3 billion) under the EFF and RSF in value May 12 from the IMF,” it said.

It said that the amount would be reflected in the country’s foreign exchange reserves for the week ending on May 15.
 
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