Pakistan is close to securing crucial financial support as Pakistan’s finance minister sees staff deal on $1.2 billion IMF payout this week, signaling progress in talks with the International Monetary Fund (IMF). The expected agreement would unlock much-needed funds under the country’s ongoing economic stabilization program.
Finance Minister Muhammad Aurangzeb expressed optimism during a media briefing, stating that discussions with IMF officials have reached an advanced stage. According to him, Pakistan’s finance minister sees staff deal on $1.2 billion IMF payout this week, which could provide a major boost to Pakistan’s foreign reserves and stabilize the local currency.
The agreement, once finalized, will mark the next phase of Pakistan’s engagement with the IMF following months of fiscal reforms and economic adjustments. The funds are expected to support Pakistan’s balance of payments, strengthen investor confidence, and provide relief amid high inflation and slow economic growth.
Analysts note that Pakistan’s finance minister sees staff deal on $1.2 billion IMF payout this week after the government implemented key policy measures, including energy price adjustments, tax reforms, and tighter fiscal controls. These steps were essential to meet IMF’s structural benchmarks aimed at ensuring sustainable growth and fiscal discipline.
The IMF’s review mission reportedly praised Pakistan’s progress on reforms but emphasized the need for continued efforts to broaden the tax base and manage public debt. The staff-level agreement will pave the way for the IMF Executive Board’s approval, which is required before the release of funds.
Economists say the IMF payout could stabilize Pakistan’s economy in the short term, but long-term recovery will depend on consistent reforms, political stability, and increased exports.
If finalized as expected, the deal would be a positive signal for global investors and could help Pakistan attract more foreign inflows in the coming months.
Read More : SUVs & LCVs Surge: Pakistan Auto Market Goes Premium
