ISLAMABAD: The International Monetary Fund Executive Board has approved Pakistan’s latest loan review, unlocking around $1.2 billion, Finance Minister Muhammad Aurangzeb said on Friday.
The decision provides Pakistan with fresh financial support as it continues efforts to rebuild foreign exchange reserves and control inflation, while also meeting IMF requirements related to increasing revenue generation and advancing the privatisation of state-owned enterprises.
Under the approval, Pakistan will gain access to approximately $1 billion under the Extended Fund Facility (EFF) and about $210 million under the Resilience and Sustainability Facility (RSF), bringing total disbursements under both arrangements to nearly $4.5 billion.