Islamabad: Pakistan is on track to meet key performance criteria set by the International Monetary Fund (IMF) for its Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) as the IMF team prepares to visit in February 2026 for the third and second reviews of these programs, respectively. The reviews will evaluate the country's compliance with the assigned criteria and targets for September and December 2025.

According to JS Global, Pakistan is expected to fulfill nearly all seven Quantitative Performance Criteria (QPC) despite missing one indicator in the previous review by a narrow margin. The data for this indicator, the floor on targeted cash transfers, is still pending. The country's Net International Reserves are projected to remain above the benchmark floors for both September and December 2025, while the Net Domestic Assets of the State Bank of Pakistan are anticipated to stay within the prescribed ceiling targets.

Moreover, the Foreign Currency Swaps and primary surplus numbers for the specified periods are also likely to meet the set targets. Government guarantees and cash transfer spending floors are expected to be achieved as well. The new tax returns target is similarly projected to be met.

However, the Federal Board of Revenue (FBR) tax revenues, which serve as an indicative criterion, fell short of the target by Rs336 billion. It is believed that a portion of this shortfall could be offset through the implementation of a Super Tax, though this measure is unlikely to fully compensate for the missed annual target.