Pakistan, IMF kick-off review talks

Business Recorder reported that an IMF mission headed by Iva Petrova has opened talks with Pakistani officials on the next review of the country's $7-billion Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF). The talks follow the arrival of an IMF staff mission in Pakistan, which the newspaper had reported earlier. Mahir Banici, the IMF Resident Representative to Pakistan, confirmed the discussions, which also cover the Article IV Consultation.

The IMF's Executive Board approved the EFF in late September 2024, a 37-month programme worth about $7 billion or SDR 5,320 million. Pakistan asked for an RSF arrangement in October 2024, and a staff-level agreement on a new 28-month RSF deal of about $1.3 billion was reached on March 25, 2025, alongside the first EFF review.

Any staff-level agreement on the fourth EFF review and third RSF review will require approval from the IMF Executive Board. Approval would open up roughly $1 billion from the EFF and $200 million from the RSF for Pakistan, while the country has so far received $4.8 billion across both arrangements.