The 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, US, April 13, 2026. PHOTO: REUTERS
ISLAMABAD:
Finance Minister Muhammad Aurangzeb said Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF), and approval is expected soon from the lender’s executive board.
The move would unlock the next tranche of funding as the country signals a return to global financial markets.
According to the Ministry of Finance, the minister shared the development during a meeting with representatives of S&P Global Ratings, where discussions focused on Pakistan’s improving economic prospects and its new commitment to international markets.
He said the staff-level agreement with the IMF had been finalized and was awaiting board approval, after which the next tranche would be released.
The minister also noted that Pakistan had successfully repaid a $1.4 billion Eurobond earlier this month, underlining the country’s external repayment capacity.
Aurangzeb further highlighted external support measures, including an additional $3 billion in financial assistance from Saudi Arabia and the extension of a $5 billion deposit until 2028.
