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IMF Delegation Meets President Zardari to Review Economic Progress

  • On May 22, 2025, an IMF delegation led by Jihad Azour met President Zardari and Prime Minister Shehbaz Sharif in Islamabad to review Pakistan's economic progress.
  • The meetings followed ongoing IMF programme implementation and economic reforms aimed at stabilising Pakistan's economy and transitioning toward growth.
  • Key topics included doubling the Federal Excise Duty on fertiliser from 5% to 10%, imposing a 5% tax on pesticides, and introducing an Agriculture Income Tax from July 1, 2025.
  • Prime Minister Shehbaz stated that Pakistan is progressing on the path of economic development following the achievement of economic stability, while the IMF recognized advancements such as a 2% primary surplus and inflation reduced to 0.3%.
  • The IMF assured continued support and approved about $1 billion disbursement, while Pakistan prepares the 2025-26 budget and considers proposals for more equitable taxation thresholds.
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The Financial Daily broke the news in on Wednesday, May 21, 2025.
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