The IMF expects Pakistan’s next funding review in the second half of 2025 and said it would continue discussions with Pakistan authorities to agree on the terms of the budget for the 2026 financial year, it said in a statement on Friday.

The IMF’s priority remains anchoring inflation within the central bank’s medium-term target range of 5–7 percent, the statement said.

It added that the Pakistani authorities reaffirmed their commitment to fiscal consolidation while aiming for a primary surplus of 1.6 percent of GDP in FY2026.

On May 19, the IMF introduced 11 new structural benchmarks (SBs) under its $7 billion Extended Fund Facility (EFF) for Pakistan

Sources revealed that the government prepared a comprehensive plan to raise electricity, gas, and petroleum prices from the beginning of the new fiscal year.

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