Islamabad, May 9, 2025 – Prime Minister Shehbaz Sharif on Friday confirmed that the International Monetary Fund (IMF) has approved a $1 billion tranche for Pakistan, marking a key milestone in the country’s efforts to stabilize its economy and restore investor confidence.
In an official statement issued by the Prime Minister’s Office, PM Shehbaz expressed deep satisfaction over the IMF’s decision, crediting Pakistan’s economic team for their persistent and skillful negotiations. “By the grace of Almighty Allah, Pakistan’s economic trajectory is steadily improving. The approval of this IMF tranche is a vote of confidence in our reforms,” he said.
PM Shehbaz praised Deputy Prime Minister and Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, Finance Secretary Imdadullah Bosal, and other members of the economic team for their tireless efforts in securing the agreement. He described the IMF’s support as crucial for maintaining economic momentum and ensuring macroeconomic stability.
In a strong rebuke to India, PM Shehbaz accused the neighbouring country of attempting to derail Pakistan’s economic recovery through “failed underhanded tactics.” He alleged that India used propaganda and diplomatic pressure to influence international financial institutions but was ultimately unsuccessful.
“India’s desperate attempts to sabotage Pakistan’s IMF program have fallen flat. The global financial community, including the IMF, has rejected their false narrative,” PM Shehbaz asserted.
The premier emphasized that the newly approved IMF funding would support Pakistan in overcoming fiscal challenges, boosting foreign reserves, and creating space for pro-growth reforms. “This IMF tranche will not only stabilize our economy but also guide us toward long-term recovery,” he added.
He reaffirmed the government’s focus on key reform areas, including broadening the tax base, reducing circular debt in the energy sector, and encouraging private sector investment. Over the past 14 months, PM Shehbaz noted, Pakistan has witnessed encouraging economic indicators, which he attributed to prudent governance and policy consistency.
The IMF’s decision to release the $1 billion tranche is part of Pakistan’s ongoing engagement under the Fund’s Extended Fund Facility (EFF), which aims to help the country achieve sustainable economic growth.
“The government remains committed to a clear roadmap of economic reforms and institutional strengthening,” PM Shehbaz concluded, expressing hope that continued collaboration with the IMF would further strengthen Pakistan’s economic outlook.