Pakistan, IMF reach staff-level agreement to unlock $1.2 billion tranche 

Islamabad (Web Desk): Pakistan and the International Monetary Fund (IMF) have successfully reached a Staff-Level Agreement on the Third Review of the 37-month Extended Arrangement under the Extended Fund Facility (EFF).

The Finance Ministry of Pakistan shared on its X account that the two sides also finalized the Second Review of the 28-month Resilience and Sustainability Facility (RSF).

The accord is set to provide Pakistan access to around $1 billion under the EFF and approximately $210 million through the RSF, bringing total funds released under both programmes to about $4.5 billion.

IMF Reaches Staff-Level Agreement on the Third Review for the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the Second Review for 28-month Arrangement Under the Resilience and Sustainability Facility (RSF) – Pakistan https://t.co/hYPsALIpbn

— Ministry of Finance, Government of Pakistan (@Financegovpk) March 28, 2026

The IMF remarked that the agreement “reflects continued progress under the reform programme,” observing that economic conditions improved following a recovery in fiscal year 2025, with growth gaining momentum in the initial months of the current fiscal year.

The statement added, “Inflation and the current account balance remained contained, and external buffers continued to strengthen. The conflict in the Middle East, however, casts a cloud over the outlook as volatile energy prices and tighter global financial conditions risk putting upward pressure on inflation and weigh on growth and the current account.”

Officials described the latest developments as following “considerable progress” in earlier discussions between Pakistan and IMF staff regarding the programme review.

An IMF delegation had arrived in Pakistan on February 26 and began formal talks on March 2, but the visit was cut short on March 3. 
Finance Minister Muhammad Aurangzeb stated that the team continued its engagements remotely from Istanbul.