Pakistan reaches IMF staff-level agreement for $1.21 billion

IMF Pakistan economy Extended Fund Facility Resilience and Sustainability Facility macroeconomic stability

The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan to unlock approximately $1.21 billion in new financing. The deal follows the fourth review of Pakistan’s 37-month Extended Fund Facility (EFF) and the third review of its 28-month Resilience and Sustainability Facility (RSF).

Upon approval by the IMF Executive Board, Pakistan is expected to receive roughly $1 billion under the EFF and $210 million via the RSF. This would bring total disbursements under both programs to approximately $5.7 billion. An IMF mission led by Iva Petrova conducted consultations in Karachi and Islamabad from September 23 to October 7.

The IMF noted that Pakistan has maintained macroeconomic stability despite challenges from the Middle East conflict, high energy prices, and supply disruptions. Pakistan’s real GDP grew by 4% during the first three quarters of FY26, with full-year growth estimated at 3.6%. Inflation moderated to approximately 10.3% in September. Additionally, foreign exchange reserves reached about $21.5 billion by the end of September.

Despite these indicators, the IMF warned of ongoing risks, including geopolitical tensions, volatile energy prices, and trade disruptions. The Fund urged Pakistan to phase out broad fuel subsidies, implement the FY27 budget with a primary surplus target of 2% of GDP, and continue energy sector reforms.

Entities

IMF Executive Board · International Monetary Fund · Iva Petrova · Pakistan · Shehbaz Sharif

Claims

What the coverage asserts, and how many sources carry each claim.

[● 14 SOURCES] Pakistan's economy grew 4% in the first three quarters of fiscal 2026, with full-year growth estimated at 3.6%. en.tempo.co · berita.rtm.gov.my · gulfnews.com · www.arabnews.pk · www.bhaskarhindi.com · +9 more
[● 14 SOURCES] IMF negotiator Iva Petrova stated that Pakistan successfully navigated the impact of the Middle East conflict through strong policies. en.tempo.co · berita.rtm.gov.my · gulfnews.com · www.arabnews.pk · www.agniban.com · +9 more
[● 14 SOURCES] Headline inflation moderated to approximately 10.3% in September after peaking in May. en.tempo.co · berita.rtm.gov.my · gulfnews.com · www.arabnews.pk · www.bhaskarhindi.com · +9 more
[DISPUTED] The IMF reached a staff-level agreement with Pakistan to unlock approximately $1.21 billion in financing. en.tempo.co · berita.rtm.gov.my · www.latestly.com · gulfnews.com · www.arabnews.pk · +14 more
[● 19 SOURCES] The agreement is subject to final approval by the IMF Executive Board. en.tempo.co · berita.rtm.gov.my · www.latestly.com · gulfnews.com · www.arabnews.pk · +14 more
[● 18 SOURCES] The financing includes approximately $1 billion under the Extended Fund Facility (EFF) and $210 million via the Resilience and Sustainability Facility (RSF). www.latestly.com · www.arabnews.pk · www.bhaskarhindi.com · www.punjabkesari.com · www.agniban.com · +13 more
[● 9 SOURCES] Pakistan's foreign exchange reserves reached approximately $21.5 billion by the end of September. www.bhaskarhindi.com · www.punjabkesari.com · www.agniban.com · www.aljazeera.net · www.ajnet.me · +4 more
[○ 1 SOURCE] The government is developing a socio-economic registry for eligible energy subsidy recipients with World Bank support. dailykhabrain.com.pk
[● 2 SOURCES] Prime Minister Shehbaz Sharif announced the expansion of the social safety net to include over 10 million low-income citizens. almanartv.com.lb · almanar.com.lb
[○ 1 SOURCE] Gas subsidy reforms are planned for implementation by July 1, 2027. dailykhabrain.com.pk
[● 2 SOURCES] Fuel subsidies will target motorcycle riders, rickshaw operators, and small car owners. almanartv.com.lb · almanar.com.lb
[○ 1 SOURCE] Pakistan plans to phase out electricity slab and cross-subsidies by January 2027. dailykhabrain.com.pk