Islamabad, October 14, 2025 — Minister for Finance and Revenue Muhammad Aurangzeb has confirmed that Pakistan is set to finalize a preliminary agreement with the International Monetary Fund (IMF) this week, marking a crucial milestone toward securing the next $1.24 billion tranche from the lender.
The announcement reflects the government’s continued focus on fiscal discipline and economic reform under Aurangzeb’s leadership.
Speaking to Reuters from Washington during the IMF and World Bank annual meetings, Aurangzeb said, “The mission was on the ground for a couple of weeks, and we had very constructive dialogue around the quantitative and structural benchmarks. We’re hopeful to complete the staff-level agreement (SLA) this week.”
The IMF’s ongoing review covers the $7 billion Extended Fund Facility and the $1.4 billion Resilience and Sustainability Facility agreed in 2024 to stabilize Pakistan’s economy after a major financial crisis. Once approved by the IMF board, the review will unlock the next payment under the loan program.
Aurangzeb also revealed Pakistan’s plans to issue its first green Panda bond, denominated in Chinese yuan, before year-end, while targeting a $1 billion bond sale in international markets next year. He noted that the government was keeping options open for Eurobonds, Sukuk, and other instruments.
Additionally, the privatization of state-owned enterprises, including PIA and power distribution companies, remains a key pillar of Aurangzeb’s economic reform agenda.