Research
Pakistan’s path to IMF loan: Fiscal discipline, reform pressures, and climate goals
Why the October agreement matters and how three years of hard choices are shaping the next phase of policy strategy
Oct 18, 2025
Oct 18, 2025
Why the October agreement matters and how three years of hard choices are shaping the next phase of policy strategy
Cumulative deficit in two months of FY26 at $624 million
The KSE-100 index is currently trading at a forward price to equity ratio of 7.45x (2026) against its 10-year average of 8.0x
Central bank forecasts GDP growth of 3.25-4.25% and reserves rising to $15.5B by year-end, but warns external financing needs remain high despite stronger remittances
Foreign exchange reserves to cross $17 billion by June 2026
Remittances expected to hit $39.4 billion amid widening trade gap
