The Federal Board of Revenue (FBR) on Thursday briefed the International Monetary Fund (IMF) mission on revenue performance and shared an alternative plan to address the emerging tax shortfall, sources said.

The IMF mission has arrived in Pakistan to conduct the second review under the $7 billion Extended Fund Facility (EFF), as the government seeks to secure the next $1 billion tranche.

Discussions are already underway between the IMF delegation, the FBR, and the Ministry of Finance.

Officials also presented a detailed briefing on the fiscal impact of last year’s devastating floods, which severely disrupted revenue collection.

In the meeting, the finance ministry updated the IMF on Pakistan’s broader macroeconomic situation, while discussions also touched upon measures to enhance provincial revenues and possible relief packages for flood-affected communities.

The review mission will remain in Pakistan until October 8, holding technical-level talks in the initial phase, followed by policy-level discussions.

Meetings have been scheduled with the Ministry of Finance, Ministry of Energy, Ministry of Planning, FBR, OGRA, NEPRA, the State Bank of Pakistan, and other relevant institutions.

Sources said the IMF will also hold consultations with provincial governments of Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan separately.

While Pakistan has presented proposals for fiscal relief, particularly for flood victims, insiders noted that the IMF is unlikely to show significant flexibility on policy targets.

Under the loan programme, Islamabad must meet agreed reform benchmarks to unlock the next tranche of around $1 billion.