DAVOS 26: PM briefs IMF’s Georgieva on Pakistan’s ‘improving’ macroeconomic indicators

Prime Minister Shehbaz Sharif on Wednesday briefed IMF Managing Director Kristalina Georgieva on Pakistan’s “improving macro-economic indicators, stabilisation efforts, and progress on structural reforms”.

The premier underscored Pakistan’s commitment to fiscal discipline, revenue mobilisation, and sustainable growth as he met with IMF chief in Davos, Switzerland on the sidelines of the 56th Annual Meeting of the World Economic Forum, as per a statement from the Prime Minister’s House (PMO).

“The prime minister apprised the managing director of Pakistan’s improving macro-economic indicators, stabilisation efforts, and progress on structural reforms,” the PMO statement read.

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“The IMF managing director acknowledged and appreciated Pakistan’s reform efforts and emphasised the importance of maintaining reform momentum to ensure long-term economic resilience.

“Both sides exchanged views on the global economic outlook, challenges faced by emerging economies, and the importance of multilateral support in safeguarding economic stability,” the PMO said.

The meeting was also attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Minister for Economic Affairs Ahad Khan Cheema, Federal Minister for Finance and Revenue Muhammad Aurangzeb and Federal Minister for Information and Broadcasting Attaullah Tarar.

The IMF has lowered Pakistan’s economic growth outlook, cutting its gross domestic product (GDP) projection for the current fiscal year to 3.2%, down from 3.6% estimated in its October 2025 World Economic Outlook.

The Fund in its latest report “World Economic Outlook 2026 update, global economy: steady amid divergent forces”, estimated Pakistan’ GDP growth at three percent in 2025, which is projected to grow to 3.2% in the outgoing fiscal year 2026 and 4.1 percent in 2027.

The World Bank has projected Pakistan GDP growth to remain at 3% in fiscal year 2025–26 before rising to 3.4% in fiscal year 2026–27.