IMF Board To Review Pakistan Funding On May Eight

ISLAMABAD: (Web Desk) – The Executive Board of the International Monetary Fund is scheduled to meet on May 8, where it is expected to approve the release of approximately $1.21 billion in funding for Pakistan. The country has officially been included in the agenda for the upcoming board session.

During the meeting, the IMF will review the third assessment of Pakistan’s $7 billion Extended Fund Facility (EFF), alongside a separate evaluation of climate financing support. If approved, Pakistan is set to receive around $1 billion under the EFF and an additional $210 million in climate-related funding.

This development follows a staff-level agreement reached in March, in which both sides agreed on key economic measures aimed at strengthening fiscal discipline, maintaining macroeconomic stability, and advancing structural reforms.

IMF Pakistan tranche of $1.21 billion likely to be approved on May 8

Discussions between Islamabad and the IMF have also centered on critical policy areas such as fuel price adjustments, reducing subsidies, and meeting petroleum levy targets outlined in the current fiscal plan.

The IMF has acknowledged improvements in Pakistan’s economic outlook, highlighting controlled inflation, stronger external reserves, and growing investor confidence. However, it also cautioned that ongoing regional tensions and fluctuating global energy prices could present challenges going forward.

If the board gives its approval, total disbursements to Pakistan under the current arrangements are expected to reach around $4.5 billion.