The Ministry of Finance has clarified that recent reform measures under Pakistan’s International Monetary Fund (IMF) Extended Fund Facility (EFF) are not new conditions but part of a phased, medium-term reform agenda agreed upon with the IMF from the outset of the program.
In a statement, the ministry said the EFF is designed to support countries in implementing sequenced structural reforms over time, with each program review building upon previous actions to achieve agreed policy objectives.
It emphasized that reforms referenced in recent commentary represent continuity and logical progression rather than abrupt or externally imposed requirements.
The ministry explained the Memorandum of Economic and Financial Policies (MEFP) finalized after the second review of the EFF supplements earlier MEFPs and reflects the program’s step-by-step approach. It said many of the structural benchmarks included in the latest MEFP are derived from reforms already initiated or proposed by the Government of Pakistan.
The ministry said the latest reforms reflect continuity, sequencing and deepening of Pakistan’s agreed reform agenda under the IMF’s Extended Fund Facility, rather than the imposition of unprecedented or sudden conditions.
