Islamabad, Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review of Pakistan’s economic stabilization program under the Stand-By Arrangement (SBA). The announcement follows a series of delegation-level talks between the two sides in Islamabad, with the IMF delegation visiting Pakistan from November 2 to 15.
According to International Monetary Fund (IMF) stated that the agreement, pending approval from the IMF’s Executive Board, would make approximately $700 million available to Pakistan. This would bring the total disbursements under the program to nearly $1.9 billion. The agreement endorses Pakistan’s commitment to fiscal consolidation, energy sector reforms, a market-determined exchange rate, and reforms in state-owned enterprises and governance. It also supports efforts to strengthen social assistance.
The IMF team expressed gratitude for the productive discussions and cooperation with Pakistani authorities, the private sector, and development partners, marking a significant step in Pakistan’s efforts to stabilize and grow its economy.