IMF - International Monetary Fund Program Updates

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Fatman17 said:
You must be in the meeting
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As I had said. Now that they have largely rejected our requests and we have agreed to their demands; the staff level agreement is agreed.

It's a good thing my friend, we seriously need to complete this program to have any semblance of economy.
 
Watandar said:
The IMF is who is really running Pakistan's economy and the Finance Ministry has been reduced to mere clerks.
Click to expand...
If the Finance Ministry was so competent, we would not have needed the IMF programs again and again, unfortunately.

But pray that we also get our Manmohan Singh, and soon. And continue to hope, Inshallah things will get better.
 

IMF, Pakistan reach staff-level agreement unlocking $1.2bn tranche​

Khaleeq Kiani
March 28, 2026

ISLAMABAD: The International Monetary Fund (IMF) on Saturday announced that it had reached a staff level agreement (SLA) for disbursement of about $1.2 billion on successful conclusion on the third review under Pakistan’s Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF).

The Fund tacitly endorsed Islamabad’s fuel pricing policy in the wake of Middle East crisis.

It said program implementation by Pakistan under the EFF remained broadly aligned with the authorities’ objectives to strengthen public finances, ensure inflation remains durably within the State Bank of Pakistan’s target range; advance reforms to improve the viability of the energy sector; and deepen structural reforms, while strengthening social protection and rebuilding health and education spending.
 

IMF Reaches Staff-Level Agreement on the Third Review for the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the Second Review for 28-month Arrangement Under the Resilience and Sustainability Facility (RSF) – Pakistan​


March 27, 2026

  • IMF staff and the Pakistani authorities have reached a staff-level agreement on the third review under Pakistan’s Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF).
  • Program implementation under the EFF remained broadly aligned with the authorities’ objectives to strengthen public finances; ensure inflation remains durably within the State Bank of Pakistan’s target range; advance reforms to improve the viability of the energy sector; and deepen structural reforms, while strengthening social protection and rebuilding health and education spending.
  • The authorities' climate reform agenda, backed by the RSF, is progressing, and the authorities remain committed to implementing comprehensive reforms and policies that enhance resilience and reduce vulnerabilities to climate-related risks.
Washington, DC: An International Monetary Fund (IMF) team, led by Ms. Iva Petrova, held discussions on the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF) in Karachi and Islamabad from February 25 to
March 2, 2026, and virtually afterward. At the conclusion of the discussions, Ms. Petrova issued the following statement:

“The IMF team has reached a staff-level agreement with the Pakistani authorities on the third review of the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the second review of the 28-month arrangement
 
The talks were held in Karachi and Islamabad from February 25 to March 2 and virtually afterward.

IMF mission chief Iva Petrova said, subject to IMF board approval, Pakistan will have access to about US$1.0 billion (SDR 760 million) under the EFF and about US$210 million (SDR 154 million) under the RSF, bringing total disbursements under the two arrangements to about US$4.5 billion.

“Supported by the EFF, ongoing policies have continued to strengthen the economy and rebuild market confidence. Following the recovery in FY25, economic activity gained further momentum in the first part of the current fiscal year. Inflation and the current account balance remained contained, and external buffers continued to strengthen,” said the statement from the IMF.

“The conflict in the Middle East, however, casts a cloud over the outlook as volatile energy prices and tighter global financial conditions risk putting upward pressure on inflation and weighing on growth and the current account.”
 

Govt to end currency controls​

Gives assurances to IMF to clear way for disbursement of $1b loan tranche

Shahbaz Rana
April 03, 2026

the government has agreed to the need for a mini budget if revenues fall short of expectations by end december 2025 according to the imf photo file


The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file

ISLAMABAD: Pakistan has assured the International Monetary Fund (IMF) that to deal with the economic impact of the Middle East conflict, it stands ready to increase interest rates and devalue currency, as the lender has imposed yet another condition to end control over foreign currency movement.

According to the Pakistani authorities, to cope with the increasing inflation and control imports in the aftermath of the Middle East war, they have assured the lender of increasing interest rates and easing control over the currency market.

The assurances have been given to pave the way for a staff-level agreement for the disbursement of the fourth loan tranche of $1 billion out of the $7 billion package.

Central bank sources said that to deal with the adverse impact of choking supply lines and increasing fuel cost on the import bill and inflation, the bank informed the IMF that it would maintain an appropriately tight monetary policy and "stands ready to raise interest rates, if needed".
 
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