An International Monetary Fund (IMF) mission led by Iva Petrova is set to visit Pakistan on February 26. The visit will last nearly two weeks, ending on March 11. The team will review the implementation of Pakistan’s $7 billion Extended Fund Facility (EFF) and $1.1 billion Resilience and Sustainability Facility (RSF). Officials said this visit will be crucial as both sides will also discuss budget proposals based on this year's results. They will plan the broad outlines of the next budget for fiscal year 2026-27, focusing especially on provincial finances. So far, Pakistan has met most performance targets by the end of December 2025. However, there is a revenue shortfall. Authorities expect this gap to shrink after the Federal Constitutional Court supported a recent super tax ruling in the government’s favor. The power sector will be under close watch due to recent policy changes affecting industrial and residential sectors, even though circular debt remains within target limits. Pakistan has met almost all the quantitative performance targets for the period, though it lags behind in some indicative targets and structural benchmarks. This could affect future progress under the programs. Both the government and IMF will assess past performance and plan ahead during this biannual review. If successful, Pakistan can receive about $1 billion under the EFF and another $200 million under the RSF by the end of April. Research firm Topline Research expects Pakistan to meet nearly all quantitative performance criteria. It noted a technical shortfall in spending on cash transfers, which was due to lower administrative expenses, not fewer beneficiaries. Topline also predicts that Pakistan’s net international reserves will be slightly below IMF targets by September and December 2025. The State Bank of Pakistan’s net domestic assets are expected to stay below set limits. Foreign currency swaps are also close to ceiling targets. Primary surplus targets are forecasted to exceed IMF goals for the September and December periods. The Federal Board of Revenue's tax collection fell short by Rs336 billion but some of this may be recovered through the super tax decision. However, overall collections will remain below annual targets. This IMF visit is a key checkpoint for Pakistan’s economic program and its budgeting plans for the future.