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

According to Radio Pakistan, this staff-level agreement is pending approval by the IMF Executive Board. Upon approval, Pakistan will gain access to roughly one billion dollars under the EFF and approximately two hundred million dollars under the RSF. Discussions were held between an IMF team, led by Iva Petrova, and Pakistani authorities in Karachi, Islamabad, and Washington D.C.

Iva Petrova stated that Pakistan’s economic program is stabilizing macroeconomic fundamentals and rebuilding market confidence. The recovery is on track, with the current account for Financial Year 2025 showing a surplus for the first time in 14 years. The fiscal primary balance has exceeded the program target, inflation remains contained, external buffers hav
e strengthened, and financial conditions have improved as sovereign spreads have narrowed significantly.

Petrova also noted that Pakistani authorities have reaffirmed their commitment to the EFF- and RSF-supported programs and have pledged to maintain sound and prudent macroeconomic policies while advancing ongoing structural reforms.