IMF clears path for $1.2bn support to Pakistan

Pakistan has secured a staff-level agreement with the International Monetary Fund that could unlock about $1.2 billion under its ongoing financing arrangements, subject to board approval.

Samaa reported that the understanding covers support under the Extended Fund Facility and the Resilience and Sustainability Facility, while also signalling continued emphasis on reforms and economic discipline.

The development is being seen as one of the day's most important economic stories because it strengthens Pakistan's external financing position and supports confidence in the country's stabilisation efforts.