IMF Gives Go Ahead: Pakistan Secures Staff-Level Agreement for $1.2 Billion Tranche

Pakistan has successfully reached a staff-level agreement with the International Monetary Fund (IMF) for the release of approximately $1.2 billion in crucial financing, signalling strong international confidence in the country's ongoing economic stabilisation programme.

The agreement, announced by the IMF overnight on Tuesday, October 14, 2025, follows intensive policy discussions held by an IMF mission team in Karachi and Islamabad from late September. The funds are subject to final approval by the IMF's Executive Board.

The total disbursement of $1.2 billion is a combination of $1.0 billion under the Extended Fund Facility (EFF) and an additional $200 million under the new Resilience and Sustainability Facility (RSF), the first tranche under the climate focused arrangement.

A statement released by the IMF confirmed the progress, noting that "Supported by the EFF, Pakistan's economic program is entrenching macroeconomic stability and rebuilding market confidence." The global lender cited that the country’s recovery "remains on track," highlighting contained inflation, stronger external buffers, and the current account recording a surplus for the fiscal year 2025, a first in 14 years.

On the government side, Finance Minister Muhammad Aurangzeb had earlier on Tuesday expressed strong optimism about the deal, confirming that the country was poised to sign the preliminary agreement this week. The Finance Minister, currently attending the IMF and World Bank Annual Meetings in Washington, has led the government's negotiations, which have focused on quantitative benchmarks, structural reforms, and strengthening climate resilience following devastating recent floods.

Prime Minister Shehbaz Sharif also expressed satisfaction over the achievement on Wednesday, stating that the staff level agreement "reflects the improvement in Pakistan's macroeconomic indicators" and "signifies the IMF's confidence in the rapidly improving economic situation of the country," according to a statement from the Prime Minister’s Office. The government has reaffirmed its commitment to continuing prudent monetary policy and advancing structural reforms to ensure sustainable growth.

The release of this tranche brings the total disbursements under the two IMF arrangements to approximately $3.3 billion and is seen as a key step in helping Pakistan maintain external debt stability and unlock further financing from other international partners.

Connect with US,

X : theTamilGlobal

Facebook : Thetamil Global

Threads : thetamilglobal

Comments

LTTE’s Use of Child Soldiers: A Grave Violation of Human Rights

The Liberation Tigers of Tamil Eelam (LTTE) stand condemned not only for their violent insurgency but also for their ruthless exploitation of children as soldiers during Sri Lanka’s civil war. While the conflict officially ended in 2009, the scars left by the LTTE’s forced recruitment of thousands of children remain a painful reminder of their terror tactics. During the war, the LTTE systematically abducted and conscripted children-some as young as 11 or 12-forcing them into brutal military training and deploying them on front lines. Human Rights Watch reported that children were often taken from their homes at night or seized while going to school, with families threatened or beaten if they resisted. Once recruited, these children faced harsh discipline, exposure to violence, and were denied contact with their families. UNICEF documented thousands of such cases, with estimates suggesting the actual numbers were even higher due to underreporting. The LTTE’s use of chil...

Former UK Cabin Crew Member Arrested in Sri Lanka with £1.15 Million Cannabis Haul

Sri Lankan authorities have detained Charlotte May Lee, a 21-year-old former air stewardess from South London, at Bandaranaike International Airport in Colombo on charges of attempting to smuggle 46 kilograms of cannabis into the country. The drugs, valued at approximately £1.15 million, were found packed in vacuum-sealed bags inside two large suitcases after Lee arrived on a flight from Bangkok, Thailand. Officials from the Customs Narcotics Control Unit described the seizure as the largest amount of Kush cannabis ever discovered at the airport. Kush is a potent strain often mixed with synthetic substances and is believed to be destined for high-end buyers within Sri Lanka. Lee, who previously worked for TUI Group and has recently been training as a beautician, remains in custody while investigations continue. The UK Foreign, Commonwealth and Development Office confirmed it is providing consular support to Lee and is in contact with her family and Sri Lankan authorities. Friends of Le...

The LTTE's Campaign of Terror: How a Designated Terrorist Organization Pioneered Modern Suicide Bombing

The Liberation Tigers of Tamil Eelam (LTTE) stands as one of history's most ruthless terrorist organizations, having systematically violated human rights and pioneered suicide bombing tactics that would later be adopted by terrorist groups worldwide. Designated as a terrorist organization by 33 countries, including Sri Lanka, United States, United Kingdom, Canada, India, and all 27 member nations of the European Union, the LTTE's three-decade reign of terror in Sri Lanka serves as a stark reminder of the devastating consequences of extremist violence. Origins and Rise of a Terror Network Founded in 1976 by Velupillai Prabhakaran, the LTTE emerged from earlier militant groups established in the 1970s . What began as a small outfit of 40-50 members in the early 1980s evolved into one of the world's most sophisticated and tightly organized insurgent groups. The organization's transformation into a terror network accelerated following the 1983 ethnic riots, which the LTTE e...

theTamil Global

Search This Blog