IMF chief meets PM Shehbaz, pledges support for govt’s actions

Published February 12, 2025
IMF Managing Director  Kristalina Georgieva meets Prime Minister Shehbaz Sharif  during his visit to the United Arab Emirates  (UAE) — @KGeorgieva/X
IMF Managing Director Kristalina Georgieva meets Prime Minister Shehbaz Sharif during his visit to the United Arab Emirates (UAE) — @KGeorgieva/X

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva has met Prime Minister Shehbaz Sharif during his visit to the United Arab Emirates and assured him of the lender’s support for the government’s decisive actions regarding the programme, according to a statement released on Wednesday.

In a post on X, she said, “Wonderful to meet Prime Minister @CMShehbaz and his team.”

“I am encouraged by their strong commitment to Pakistan’s IMF-supported reforms and support their decisive actions to pave the way to higher growth and more jobs for Pakistan’s youthful population.”

These comments come amid the IMF team’s visit to the country for a week-long scrutiny of the judicial and regulatory system as part of the ongoing $7 billion Extended Fund Facility (EFF) to address governance and corruption vulnerabilities.

According to a statement from the Prime Minister’s Office (PMO), the premier held a meeting with the IMF chief on the sidelines of the World Governments Summit (WGS) 2025 in Dubai, where both sides discussed Pakistan’s ongoing IMF programme and the macroeconomic stability achieved through the government’s comprehensive reform agenda.

Furthermore, the meeting focused on Pakistan’s commitment to implementing structural reforms and maintaining fiscal discipline, “which had been instrumental in restoring economic stability and would be critical in driving sustainable growth”.

The prime minister talked about the progress made under the programme, attributing the economic progress to the bailout deal.

Furthermore, he reaffirmed the government’s resolve to sustain reforms, particularly in tax reforms, energy sector efficiency, and private sector development.

The IMF chief commended the country’s efforts “in effectively implementing the IMF-supported programme, highlighting the country’s improving economic performance with rising growth and declining inflation,” per the statement.

She recognised that Pakistan was “on the path to growth and has undergone economic recovery”, further reiterating the IMF’s support for its reform agenda.

The premier was in the UAE alongside Foreign Minister Ishaq Dar on a two-day visit at the invitation of President Sheikh Mohamed bin Zayed Al Nahyan to participate in the World Governments Summit (WGS).

IMF chief ‘full of praise’ for reform-based programme, says finance minister

Speaking at a conference organised by the Securities and Exchange Commission of Pakistan (SECP), Finance Minister Muhammad Aurangzeb said that the IMF chief was “full of praises” regarding the prime minister’s leadership and commitment to the reform-based programme.

He highlighted the focus on structural reforms on the taxation side, energy side, state-owned entities (SOEs) reforms, and public finance in terms of right-sizing the federal government and pension reforms.

“That’s what the managing director, Kristalina, was full of praise for yesterday,” he said. “For the prime minister and the leadership he has shown and the conviction that he has shown.

“And the commitment the country has shown in terms of this reform-based programme, for which we are well underway in that programme,” he added.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

War & deception
Updated 09 Mar, 2026

War & deception

While there is little doubt that Iran is involved in many of the retaliatory attacks, the facts raise suspicions that another player may be at work.
The witness box
09 Mar, 2026

The witness box

IT is often the fear of the courtroom and what may transpire therein that drives many victims of crime, especially...
Asylum applications
09 Mar, 2026

Asylum applications

BRITAIN’S tough immigration posture has again drawn attention to the sharp rise in asylum claims by Pakistani...
Petrol shock
Updated 08 Mar, 2026

Petrol shock

With oil markets bracing for more volatility, more price shocks are inevitable in the coming weeks.
Women’s Day
08 Mar, 2026

Women’s Day

IT is a simple truth: societies progress when women are able to shape them. Yet the struggle for equality has never...
Rescuing hockey
08 Mar, 2026

Rescuing hockey

PAKISTAN hockey is back to where it should be. Years of misses came to an end on Friday with a long-awaited...