ISLAMABAD (Dunya News) – The schedule for the second economic review under the IMF’s Extended Fund Facility (EFF) has been finalised, and negotiations for a new $1 billion tranche are expected to take place at the end of this month.
According to sources, the IMF delegation will visit from September 25 to October 8. In the first phase, technical-level talks will be held, followed by policy-level negotiations in the second phase. Discussions will involve the Ministry of Finance, Ministry of Energy, Planning Commission, and the State Bank.
Additionally, talks will be conducted with other institutions and ministries, including FBR, OGRA, and NEPRA, while the IMF team will hold separate meetings with all four provinces.
Sources indicate that once the second economic review with the IMF is successfully completed, the IMF Board is likely to approve the release of the next $1 billion tranche for Pakistan.
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It is noteworthy that the IMF mission’s visit falls under the 37-month, $7 billion Extended Fund Facility program agreed in September 2024. Under this program, Pakistan has already received over $2 billion in two tranches.
Moreover, a climate financing agreement between Pakistan and the IMF has been finalized, under which Pakistan will receive $1.3 billion over 28 months.
The government sources say that the upcoming negotiations are crucial not only for securing the tranche but also for restoring investor confidence and supporting the national economy. The Ministry of Finance is hopeful that the agreement will progress successfully, ensuring Pakistan continues to receive funds according to the program.