IMF wraps up talks with Pakistan authorities on reforms, budget

May 20 (Reuters) - The ‌International Monetary ​Fund ​mission concluded talks with Pakistani authorities on Wednesday, focusing on economic developments, fiscal plans ‌for the next financial year, and progress on ⁠reforms under the country's IMF-supported programmes, the fund said ‌in a statement.

The IMF said ‌Pakistani authorities have committed to a primary surplus target of 2% of gross domestic product in ​fiscal year 2027.

• The fund's team, led by advisor Iva Petrova, visited Islamabad from May ⁠13-20 for discussions that focused on economic developments, progress on reforms and ​the impact of disruptions linked to the conflict in the Middle East.

• The IMF ​earlier in May cleared the ‌South Asian nation to access about $1.32 billion in fresh funding. The country is ⁠on a $7 billion IMF program.

• Pakistan's central bank has committed to maintaining an "appropriately tight monetary policy stance" to ⁠anchor inflation expectations and will continue to closely monitor potential second-round ​effects from energy price increases, the IMF said.

• Talks on the fiscal 2027 budget are set to continue in ‌the coming days, the fund added.

• The IMF said its next mission, which will ‌include consultation and reviews under certain arrangements, is planned ⁠for the second half ‌of 2026.

(Reporting by ​Mrinmay Dey and Chris Thomas in Mexico City; Editing by Chris Reese and Lincoln ‌Feast.)

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