Parliamentary nod for prior actions must by June 30 for IMF loan

Pakis­tan would have to complete a set of prior actions — mostly through binding parliamentary approvals and legislation — within the next 40 days in order to reach a formal staff level agreement (SLA) with the International Monetary Fund (IMF) for its next bailout programme, as a fortnight-long dialogue winds down. Informed sources said Pakistani authorities and an IMF staff mission, led by Nathan Porter, had completed their engagements covering almost all critical sectors of economy, including major reforms in the power and gas sectors, state-owned entities, pensions, revenue mobilisation and expansion, and monetary policy horizon in line with inflationary expectations. The two sides have reached a broad understanding on action points, their timelines and backup plans that the government would comply with through parliamentary sanction of budgetary measures and related legislation in the Finance Bill 2024-25.