IMF loan to Pakistan

March 26, 2025 3:36 PM

IMF reaches staff-level agreement with Pakistan for $1.3 billion climate loan package

The International Monetary Fund (IMF) has finalized a staff-level agreement with Pakistan for a $1.3 billion loan package over 28 months to support the country’s climate change mitigation and adaptation efforts. This agreement also includes the first review of the ongoing $7 billion bailout program, with the IMF commending Pakistan’s progress in restoring macroeconomic stability despite global challenges. Government sources from Pakistan’s finance department report steady inflation progre...

Pakistan passes tax-laden budget ahead of talks on fresh IMF loan

Pakistan's parliament on Friday passed the government's tax- heavy finance bill for the coming fiscal year ahead of more talks on a new IMF bailout as it seeks to avert a debt default for an economy growing at the slowest pace in South Asia. The government presented the tax-loaded budget two weeks ago, drawing sharp criticism from opposition parties. Finance Minister Muhammad Aurangzeb moved the finance bill in parliament, which was endorsed by the ruling alliance led by Prime Minster Shehbaz ...