Final approval of agreement will be given by IMF board


Islamabad: Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for a $2 billion loan.
Negotiations between Pakistan and the IMF were successful, after which a staff-level agreement for the first review between Pakistan and the IMF was reached.
The IMF team was led by Nathan Porter. The final approval of the agreement will be given by the IMF board.
If approved, Pakistan will be provided with $1 billion under the Extended Fund Facility.
Pakistan will receive $1.3 billion under a 28-month arrangement to combat climate change and disasters. The total loan amount under the program will be $2 billion.
This Extended Fund Facility arrangement will be for 37 months.
The IMF says that inflation in Pakistan is at its lowest level since 2015. Despite challenges, Pakistan has made progress in restoring macroeconomic stability over the past 18 months.
The IMF said that the economic situation in Pakistan has improved. Economic activity is likely to increase gradually, but Pakistan still faces environmental risks.
The International Monetary Fund further said that it is committed to implementing reforms and promoting Pakistan's social protection. It will help Pakistan against natural disasters and will continue to support budget and investment increases to combat climate change.
The IMF said that it will also support Pakistan's efforts for energy sector reforms.
Finance Minister Muhammad Aurangzeb said that he is determined to put the country on the path of productive and export-oriented growth.
The Finance Minister stated that Pakistan is committed to implementing reforms related to taxes, energy, and government institutions.
Qatar plans ICC case over Israeli airstrike on Doha building
- 4 hours ago

ECC approves final Reko Diq agreements
- 5 hours ago
Rupee strengthens against dollar in interbank and open markets
- 7 hours ago

Over 140,000 students register for MDCAT 2025
- 3 hours ago

Tragic electrocution claims lives of father and son in Karachi
- 4 hours ago
Drone from Yemen crashes near hotel in Israeli city of Eilat
- 3 hours ago
US-UK sign major technology partnership during President Trump's visit
- 7 hours ago

Google Discover feed gets major upgrade with social media posts and shorts
- 5 hours ago
Israeli aggression continues in Gaza as 48 more Palestinians martyred
- 4 hours ago

Flood threat rises in Sindh as water flow increases at Sukkur and Kotri Barrages
- 6 hours ago
50 Sudanese migrants killed as boat capsizes off Lebanon coast
- 7 hours ago
Trump says he disagrees with UK on recognising Palestinian state
- 5 hours ago