IMF Mission to Visit Pakistan in Coming Weeks for Next Review
The IMF will send a mission to Pakistan for the upcoming review of its $7 billion Extended Fund Facility and the Resilience and Sustainability Facility, signalling potential disbursement of further funds.
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Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
IMF review may unlock additional funds, supporting liquidity and confidence – Buy bias for related sectors.
Sectors & Direction
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Desk call: Buy bias · Positively affected
- BanksPositively affected
- EconomyPositively affected
- MarketsPositively affected
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Mentions in This Briefing
Sectors: Banks, Economy, Markets — Positive · Buy bias. IMF review may unlock additional funds, supporting liquidity and confidence – Buy bias for related sectors.
Full Story
Open on Business Recorder## IMF Mission Scheduled
The International Monetary Fund’s Resident Representative, Mahir Banici, told Business Recorder that an IMF delegation will travel to Pakistan in the coming weeks to conduct the next program review and the Article IV consultations.
## Current IMF Programs
Pakistan is under two IMF programmes: - Extended Fund Facility (EFF) – a 37‑month bailout approved in late September 2024, valued at roughly $7 billion (SDR 5,320 million). - Resilience and Sustainability Facility (RSF) – a 28‑month arrangement sought in October 2024, with a staff‑level agreement reached on 25 March 2025 for about $1.3 billion.
## Expected Disbursements
If the IMF staff‑level agreements on the fourth EFF review and the third RSF review are approved by the IMF Executive Board, Pakistan could receive: - Approximately $1 billion under the EFF - Around $200 million under the RSF
To date, Pakistan has already drawn $4.8 billion from the two programmes.
## Government Preparations
The Ministry of Finance has instructed relevant ministries and divisions to finalize preparations and provide updates on the implementation of commitments made to the IMF.
## Engagement Plan
The IMF team is expected to start discussions in Karachi with officials from the State Bank of Pakistan before moving to Islamabad for talks with the federal economic team.
## Market Implications
The imminent review and potential fund release are likely to improve liquidity, support the rupee, and bolster confidence in fiscal reforms, which could positively affect market sentiment across sectors.