The minister also noted that Pakistan 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 reached a staff-level agreement with the International Monetary Fund (IMF), approval of which by the lender’s board is expected shortly.
This step 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 this development during a meeting with representatives of S&P Global Ratings, where discussions focused on improving Pakistan’s economic outlook and re-engaging in international markets.
He said the IMF staff-level agreement had been finalized and was awaiting board approval, after which the next installment would be released.
The minister also noted that Pakistan successfully repaid a $1.4 billion Eurobond earlier this month, highlighting the country’s external repayment capacity.
Aurangzeb further highlighted external support measures including additional financial assistance of $3 billion from Saudi Arabia and extension of a $5 billion deposit until 2028.
