Pakistan and the IMF reached a staff-level agreement for a $1.2 billion loan under EFF and RSF programmes, pending board approval. The IMF lauded macroeconomic progress but noted flood-related risks to growth and stressed climate resilience measures.
An IMF mission held a formal kick-off meeting with Pakistan’s economic team to review the $7 billion Extended Financing Facility and $1.1 billion Resilience and Sustainability Facility. Revenue collection shortfalls and stalled refinery investments are among key discussion points.
