Pakistan Expects $1.2 Billion IMF Tranche by Year-End: Aurangzeb

WASHINGTON (Mudassar Iqbal)— Pakistan expects to receive the next tranche of $1.2 billion from the International Monetary Fund (IMF) by December 31 under the ongoing loan program, Finance Minister Muhammad Aurangzeb announced during a press conference in Washington.

Aurangzeb, who is currently on an official visit to the United States, participated in 20 high-level ministerial meetings, where he emphasized the urgent activation of the Loss and Damage Fund to support climate-vulnerable economies like Pakistan. He noted that operationalizing the fund would significantly help Pakistan’s economic recovery.

Speaking to media, the finance minister expressed optimism that the IMF Executive Board will soon approve Pakistan’s review, paving the way for the timely release of the $1.2 billion tranche.

Read more: IMF Projects Gradual Decline in Pakistan’s Debt and Fiscal Deficit Over Next Five Years

He stressed that the IMF cannot impose any conditions that go against Pakistan’s national interests. “All reforms carried out under the IMF program align with Pakistan’s own economic priorities and have contributed to economic stabilization,” he said.

Aurangzeb also met with Mukhtar Diop, Managing Director of the International Finance Corporation (IFC), during which discussions were held on future investment opportunities. The minister expressed hope that the EXIM Bank will soon participate in the Reko Diq mining project.

The development is seen as a positive signal for Pakistan’s economic outlook amid efforts to attract foreign investment and stabilize financial markets.