IMF reaches staff deal with Pakistan, potentially unlocking $1.2 billion
The deal could unlock $1.21 billion in fresh financing as Pakistan seeks support for reserves, debt payments and macroeconomic stability.
- On Wednesday, the International Monetary Fund reached a staff-level agreement with Pakistan on its lending programs, potentially unlocking up to $1.21 billion in fresh funding pending IMF Executive Board approval.
- Islamabad has frequently turned to the IMF to address the country's acute balance-of-payments crisis, requiring external financing to bolster foreign exchange reserves and meet debt repayments.
- IMF negotiator Iva Petrova reported Pakistan's economy grew 4% in the first three quarters of fiscal 2026, while inflation eased to about 10.3% in September, supporting macroeconomic stability.
- If the board approves the deal, Pakistan could access about $1 billion under the Extended Fund Facility and $210 million under the Resilience and Sustainability Facility, totaling around $5.7 billion.
- The IMF warned risks remain elevated due to geopolitical tensions and volatile energy prices; Ahmad Mobeen of Global Market Intelligence noted Pakistan remains vulnerable to Middle East conflict given its dependence on Gulf energy imports.
13 Articles
13 Articles
Talks with IMF conclude on USD7bn EFF fourth review
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have concluded talks held from September 23 to October 7, on the fourth review of the USD 7 billion Extended Fund Facility (EFF), third review of the USD 1.4 billion Resilience and Sustainability Facility (RSF) and Article IV consultation, official sources said. The IMF mission, led by Iva Petrova, held intensive discussions with Pakistani authorities on economic performance, fiscal c…
IMF reaches staff deal with Pakistan, potentially unlocking $1.2 billion
The International Monetary Fund has reached a staff-level agreement with Pakistan on reviews of some of its lending programs, potentially unlocking about $1.21 billion in financing pending board approval, the fund said on Wednesday.
IMF agrees on $1.21 billion Pakistan financing
Digital Desk | Washington, Oct 8 (IANS) The International Monetary Fund has reached a staff-level agreement with Pakistan that could unlock about $1.21 billion in additional financing, even as the lender warned that geopolitical tensions, high energy prices and trade disruptions continue to threaten the country's economic recovery. The agreement covers the fourth review of Pakistan's 37-month Extended Fund Facility (EFF) and the third review o…
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