The upcoming IMF Executive Board meeting on May 8, 2026, is anticipated to approve Pakistan's third review under the Extended Fund Facility (EFF), paving the way for a $1.2 billion disbursement. The review is seen as significant, with expectations of additional inflows, including around $1 billion tied to the review. The board will also assess the Resilience and Sustainability Facility (RSF) program, which could result in an extra $210 million for climate-related initiatives. Pakistan is working towards a petroleum levy target of 1.47 trillion rupees, aiming to reduce subsidies and stabilize oil pricing amidst rising global oil prices due to geopolitical tensions.
BUSINESSPublished 28 Apr 2026 • Published 2 days ago • Updated 1 day ago
IMF Executive Board Approval of $1.2 Billion for Pakistan
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The IMF Executive Board is set to review Pakistan's economic program on May 8, 2026, with a positive outlook for a $1.2 billion tranche release. Finance Minister Aurangzeb emphasizes a projected 4% GDP growth and ongoing fiscal reforms, including a broadened tax base to meet IMF conditions.
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