Overview
- IMF’s Executive Board, meeting Friday, cleared roughly $1.32 billion split between the Extended Fund Facility and a climate‑linked Resilience and Sustainability Facility, taking total disbursements to about $4.8 billion.
- Government officials said the funds should arrive early next week and lift State Bank foreign‑exchange reserves to just over $17 billion.
- State Bank Governor Jameel Ahmad told lawmakers this week the bank has bought about $27 billion from the market since January 2023 and still made nearly $5 billion in external payments in April.
- Pakistan accepted around a dozen new conditions, including a modified floor on net international reserves and fresh performance criteria for the central bank through 2027.
- The IMF said Pakistan met key end‑2025 targets but fell short on some tax goals, and authorities raised petroleum levies and pledged strict budgeting, regular power and gas tariff updates, and climate steps such as a green taxonomy ahead of mid‑May budget talks.