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.
48 Articles
48 Articles
Pakistan has reached an expert agreement with the International Monetary Fund (IMF) that will pave the way for additional funding of some $1.2 billion to support an economy facing high inflation and the aftermath of the Middle East conflict.
(Hanoi=Yonhap News) Correspondent Park Jin-hyung = The International Monetary Fund (IMF) announced on the 8th (local time) that it has reached a working-level agreement to provide Pakistan with an additional 1.6 trillion won in funds.
IMF reaches preliminary agreement with Pak to release USD 1.2 billion
Islamabad: The IMF has reached a preliminary agreement with Pakistan that could release about USD 1.2 billion in new funding to the country. The money includes USD 1 billion under the IMF’s main loan programme and another USD 210 million under a separate programme aimed at helping Pakistan become more resilient to climate and other … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on Wha…
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