Islamabad, October 9, 2025 – The International Monetary Fund (IMF) has expressed deep sympathy for the victims of the devastating floods that recently struck parts of Pakistan, causing widespread damage and displacement.
The message came as an IMF delegation, led by Iva Petrova, concluded its visit to Karachi and Islamabad, held from September 24 to October 8, 2025.
The mission was part of the discussions on Pakistan’s second review under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility (RSF). In a statement issued at the conclusion of the talks, Ms. Petrova said that the IMF and Pakistani authorities made “significant progress” toward a Staff-Level Agreement (SLA) under both programs.
She highlighted that Pakistan’s program implementation remains strong and largely consistent with the government’s commitments. The discussions focused on several key areas — maintaining fiscal discipline, providing financial support for floods recovery efforts, ensuring inflation stays within the central bank’s target range, and restoring energy sector stability through regular tariff adjustments and reforms.
The IMF also praised Pakistan’s ongoing structural and climate resilience reforms, particularly those aimed at reducing state intervention, promoting transparency, and fostering a more competitive business environment.
Ms. Petrova emphasized that the IMF mission acknowledges the tremendous challenges Pakistan faces following the floods, especially in rebuilding infrastructure and supporting vulnerable communities. The IMF reaffirmed its readiness to assist Pakistan in strengthening its climate resilience and economic stability.
“The IMF team expresses its heartfelt sympathy to those affected by the floods and appreciates the Pakistani authorities, private sector, and development partners for their cooperation and hospitality,” the statement concluded.