The Executive Board of the International Monetary Fund is scheduled to meet on May 8 to assess Pakistan’s ongoing economic program, with approval of the third review under the Extended Fund Facility (EFF) widely expected, according to sources.
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If approved, the decision would unlock around $1.2 billion in funding for Pakistan, following a staff-level agreement reached on March 27. Sources say discussions have progressed positively, increasing the likelihood of disbursement.
The Board will also evaluate Pakistan’s Resilience and Sustainability Facility (RSF), focused on climate-related reforms, where the second review is also anticipated to be approved. This would release an additional $210 million.
Overall, Pakistan is expected to receive nearly $7 billion under combined IMF programs, including the EFF and RSF, with the latest review further strengthening prospects of inflows worth about $1 billion.
Meanwhile, officials at Pakistan’s finance ministry said talks with the IMF continue on petroleum pricing reforms. They noted progress in reducing subsidies while confirming a petroleum levy target of Rs1.47 trillion for the current fiscal year, which authorities aim to meet through ongoing policy measures.
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