ISLAMABAD, September 23, 2026 — An International Monetary Fund (IMF) review mission has begun discussions with Pakistan as part of the fourth review of the country’s $7 billion Extended Fund Facility (EFF) programme. The talks are starting with the State Bank of Pakistan (SBP) and will later move to Islamabad.
IMF Begins Talks With State Bank
The IMF mission is holding initial discussions with the SBP in Karachi, focusing on key areas including inflation, monetary policy and the exchange rate.
The delegation is expected to travel to Islamabad on September 28 for meetings with the Ministry of Finance, Federal Board of Revenue (FBR) and other government departments.
Fourth Review of $7 Billion Programme
The discussions will cover Pakistan’s performance under the fourth EFF review, with the assessment focusing on economic developments and programme commitments through June 2026.
Officials and IMF representatives are expected to examine fiscal targets, tax reforms and structural benchmarks, along with measures related to the power and gas sectors.
Article IV Consultation Also Included
The IMF will conduct an Article IV consultation alongside the programme reviews. Such consultations involve a broader assessment of a member country’s economic conditions and policies.
The current consultation is significant because Pakistan’s last IMF Executive Board Article IV consultation was held in September 2024. The findings are expected to be published with the review documentation after the process is completed.
Pakistan Could Receive Additional Funding
If Pakistan and the IMF reach a staff-level agreement and the IMF Executive Board subsequently approves it, Pakistan could receive around $1 billion under the EFF and another $200 million under the Resilience and Sustainability Facility (RSF).
Pakistan has already received approximately $4.8 billion under the two arrangements, according to the latest reports.
supernews.pk