Pakistan Secures $1.2 Billion Agreement with IMF
Pakistan has successfully negotiated a staff-level agreement with the IMF for the disbursement of approximately $1.2 billion. This agreement follows the completion of crucial reviews under two financial arrangements. Initial discussions took place in person, but after a lack of consensus, negotiations transitioned to a virtual format, ultimately leading to a successful agreement. This financial support is expected to play a vital role in Pakistan's economic recovery efforts.
Mar 28, 2026, 12:22 IST
Pakistan and IMF Finalize Financial Agreement
The International Monetary Fund (IMF) and Pakistan have successfully established a staff-level agreement (SLA) for the release of around USD 1.2 billion through two distinct arrangements. This agreement follows the completion of the third review of the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), as announced by the IMF on Saturday.
Discussions between the IMF mission and Pakistani officials took place in Karachi and Islamabad from February 25 to March 2. Although the initial talks did not yield an agreement, negotiations continued virtually, ultimately leading to a successful resolution.