# Pakistan meets IMF fiscal conditions

> Pakistan meets IMF fiscal conditions with cash grants at 6% of target.
- Title: Pakistan meets IMF fiscal conditions · The Express Tribune
- Summary: Pakistan meets IMF fiscal conditions with cash grants at 6% of target. Pakistan met three IMF fiscal conditions but received only 6% of promised provincial…
- Keywords: imf, pakistan, provincial grants, fiscal conditions, budget surplus, central bank, federal government, provincial governments, The Express Tribune
- Source: The Express Tribune — https://tribune.com.pk/story/2640179/govt-meets-imf-fiscal-conditions
- Author: Our Correspondent
- Published: 2026-11-13T21:44:25+00:00
- Read time: 1 min
- Topics: imf, pakistan, provincial grants, fiscal conditions, budget surplus, central bank, federal government, provincial governments, news
## Pakistan meets IMF fiscal conditions
Pakistan met three major fiscal conditions of the IMF for the first quarter of this fiscal year by keeping budget consolidation on track.
## Centre receives only Rs57.5b
The Centre received only Rs57.5 billion, or 6% of the annual provincial grant, for national economic initiatives.
## Provincial cash grants
Punjab gave Rs32.5 billion, Sindh Rs8.5 billion, Khyber-Pakhtunkhwa Rs12.7 billion, and Balochistan Rs3.7 billion.
## Tax collection shortfall
The federating units generated Rs301 billion in tax revenues, missing the IMF target by Rs88 billion.
## Cash surplus target met
The four provinces collectively generated a cash surplus of Rs599 billion, exceeding the IMF target by Rs83 billion.
## Central bank profit drop
The central bank's profit fell sharply by 20%, or Rs495 billion, to a little over Rs1.9 trillion.
## Fiscal conditions summary
Pakistan met the primary budget surplus condition but missed the tax collection target for the first quarter.
## Key takeaway

Pakistan met three IMF fiscal conditions but received only 6% of promised provincial cash grants for national economic initiatives.