Aurangzeb briefs IMF about country’s economic situation

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Fund informed of progress made in meeting targets under $7 billion EFF programme

2025-09-29T10:31:00+05:00 News Desk

Finance Minister Muhammad Aurangzeb on Monday briefed the IMF delegation about the overall economic situation of the country. 

The minister also informed the delegation about the progress made by the government in meeting the targets set by the IMF under the $7 billion External Fund Facility (EFF) programme. 

Technical talks between Pakistan and the Fund had started on September 25.

However, due to the absence of the finance minister, the talks formally began today. 

Both sides also held discussions for the first review of the climate financing programme.   

The governor of the State Bank of Pakistan (SBP), FBR chairman, secretary finance and other senior officials were also present at the meeting.

Four days ago, on Thursday, the IMF mission had arrived in Pakistan to hold the second review of its $7 billion External Fund Facility (EFF) and first review of the $1.4 billion Resilience and Sustainability Facility (RSF) loan programmes for the country. 

The Fund had approved a $7 billion bailout package for Pakistan under its EFF programme in September last year.

In May 2025, it approved a separate $1.4 billion loan to Pakistan. 

The mission had arrived in Pakistan a day after Prime Minister Shehbaz Sharif met with the Fund’s Managing Director Kristalina Georgieva in New York on the sidelines of the United Nations’ General Assembly session. 

During the meeting on Wednesday, Shehbaz spoke about Pakistan’s progress in meeting the IMF programme targets but also demanded that the impact of recent floods on the country’s economy must also be taken into account. 

Reporter: Waqas Azeem 

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