Minister also noted that Pakistan had successfully repaid a $1.4 billion Eurobond earlier this month
Pakistan’s Finance Minister Muhammad Aurangzeb speaks during an interview at the annual spring meetings of the International Monetary Fund and the World Bank Group in Washington DC, United States, April 13, 2026, PHOTO: REUTERS
ISLAMABAD:
Finance Minister Muhammad Aurangzeb said Pakistan has entered into a staff-level agreement with the International Monetary Fund (IMF), with approval from the lender’s executive board expected soon.
The move would unlock the next tranche of funding as the country signals a return to global financial markets.
According to the finance ministry, the minister shared the development during a meeting with representatives of S&P Global Ratings, where discussions focused on Pakistan’s improved economic outlook and re-engagement in international markets.
He said the staff-level agreement with the IMF had been finalized and was awaiting board approval, after which the next installment would be released.
The minister also noted that Pakistan had successfully repaid a $1.4 billion Eurobond earlier this month, underscoring the country’s external repayment capacity.
Aurangzeb highlighted additional external support measures, including an additional $3 billion in financial assistance from Saudi Arabia and the extension of a $5 billion deposit until 2028.
