Pakistan nears IMF tranche as recovery gains momentum

ISLAMABAD: (Web Desk) – Federal Finance Minister Muhammad Aurangzeb has said that Pakistan has reached a staff-level agreement with the International Monetary Fund, adding that formal approval from its Executive Board is expected shortly, which will pave the way for the release of the next loan tranche.

During a meeting with representatives of S&P Global Ratings, the finance minister discussed Pakistan’s economic outlook, ongoing recovery, and efforts to re-enter global financial markets.

He noted that the country has successfully repaid a $1.4 billion Eurobond this month, reflecting improved financial stability. He also highlighted Saudi Arabia’s continued support, including an additional $3 billion in assistance and the extension of a $5 billion deposit facility until 2028, which is expected to further strengthen Pakistan’s external position.

IMF warns that war’s devastating human impact reaches far beyond Middle East

Aurangzeb emphasized that Pakistan’s medium-term fiscal strategy and reform momentum are contributing to improving economic indicators. He expressed confidence that these developments will support a better sovereign credit rating in the near future.