According to Beyond Time News, Pakistan has reached an agreement with the International Monetary Fund (IMF) to follow a strict budget strategy, setting a primary surplus target of Rs2.8 trillion.
Focus on economic stability
The plan also requires Pakistan to raise foreign exchange reserves by $5.6 billion to strengthen financial stability and ease pressure on the economy.
BISP budget increased
To support lower-income groups, the Benazir Income Support Programme (BISP) budget will rise by 22% to Rs845 billion. According to Beyond Time News, this step aims to expand social protection under tighter fiscal conditions.
Revenue and provincial targets
Provinces have been assigned a combined surplus target of Rs1.65 trillion, while the Federal Board of Revenue (FBR) is expected to collect Rs15.56 trillion in taxes through expanded compliance and reforms.
IMF MD praises PM Shehbaz for leading Pakistan’s economic reforms
Growth outlook remains moderate
Despite calls for higher growth, the IMF-backed plan prioritizes fiscal discipline. Economic growth is projected at around 3.5%.
Key reforms included
The agreement also includes measures to control circular debt and improve tax collection through structural reforms.
