Overview
- The MEFP finalized after the second review supplements the first review document as part of a phased medium‑term program.
- Governance actions advance earlier commitments, including publishing civil servants’ asset declarations, strengthening NAB, and granting provinces access to financial intelligence under AML/CFT reforms.
- Measures to channel flows through formal routes are credited with a 26% rise in remittances in FY2025, with a further 9.3% increase projected for FY2026.
- New structural benchmarks include a local‑currency bond‑market study first recommended in May 2025 and a government‑led sugar market deregulation effort.
- Fiscal and energy steps include FBR transformation and a medium‑term tax strategy, phased DISCO privatization with HESCO and SEPCO preconditions and PSO agreements, and pre‑agreed contingencies such as a 5% FED on fertilizer and pesticides.