International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan on the second review of 37-month Extended Fund Facility (EFF) and the first review of the 28-month arrangement under the Resilience and Sustainability Facility (RSF).      

The staff-level agreement is subject to approval by the IMF Executive Board.

Upon approval, Pakistan will have access to about one billion dollars under the EFF and about two hundred million dollars under the RSF.

An IMF team, led by Iva Petrova, held discussions with Pakistan in Karachi, Islamabad and Washington D.C.

In her statement, Iva Petrova said Pakistan’s economic program is entrenching macroeconomic stability and rebuilding market confidence. The recovery remains on track, with the Financial Year 2025 current account recording a surplus—the first in 14 years, the fiscal primary balance surpassing the program target, inflation remaining contained, external buffers strengthening, and financial conditions improving as sovereign spreads have narrowed significantly.

Iva Petrova said Pakistani authorities have reaffirmed their commitment to the EFF- and RSF-supported programs, and to maintaining sound and prudent macroeconomic policies while advancing ongoing structural reforms.