Islamabad (Web Desk): Pakistan and the International Monetary Fund have successfully concluded a Staff-Level Agreement on the Third Review of the 37-month Extended Arrangement under the Extended Fund Facility (EFF).
The Ministry of Finance confirmed via its X (formerly Twitter) account that the two sides also finalized the Second Review of the 28-month Resilience and Sustainability Facility (RSF).
Under the agreement, Pakistan will gain access to roughly $1 billion through the EFF and about $210 million via the RSF, bringing the total disbursed funds under both programmes to approximately $4.5 billion.
The IMF noted that the accord “reflects continued progress under the reform programme,” highlighting improvements in economic conditions following a recovery in fiscal year 2025 and accelerating growth in the early months of the current fiscal year.
The statement added, “Inflation and the current account balance remained contained, and external buffers continued to strengthen. However, the ongoing conflict in the Middle East poses risks, as volatile energy prices and tighter global financial conditions may drive inflation upward and weigh on growth and the current account.”
Officials described the development as the result of “considerable progress” made during earlier discussions between Pakistan and IMF staff regarding the programme reviews.
An IMF delegation had arrived in Pakistan on February 26 and formally began talks on March 2, but the visit was cut short on March 3. Finance Minister Muhammad Aurangzeb stated that discussions continued remotely from Istanbul.
