The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on Friday, May 8, to review Pakistan’s case for the release of a $1.2 billion tranche under its ongoing support programs.
The expected funding is linked to Pakistan’s $7 billion Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF). Out of the total amount, nearly $1 billion is associated with the EFF after completion of the third program review, while around $210 million is tied to climate-related reforms under the RSF.
The IMF had reached a staff-level agreement with Pakistan in late March, paving the way for the upcoming board meeting. Since then, talks have continued on fiscal reforms, with a major focus on fuel pricing, taxation measures, and petroleum levy targets.
Pakistan has already collected more than Rs. 1.2 trillion through petroleum levies during the first nine months of the current fiscal year. However, the government is still reviewing further revenue measures, including potential adjustments in petrol and diesel levies, to remain aligned with IMF conditions.
The IMF has repeatedly emphasized the need for stronger fiscal discipline, lower untargeted subsidies, and sustainable revenue generation.
If the board approves the tranche, Pakistan’s total disbursements under the two IMF facilities would rise to nearly $4.5 billion.
