Overview
- Directors approved roughly $1 billion under the Extended Fund Facility and about $200–220 million via the Resilience and Sustainability Facility, taking total disbursements to around $3.3 billion.
- The decision followed an October staff-level agreement after talks led by Iva Petrova in Karachi, Islamabad and Washington.
- The board granted waivers for missed conditions, including lower Benazir Income Support Programme spending and revenue shortfalls, and eased some deadlines for the next review.
- Pakistan pledged additional tax measures, regular electricity and gas tariff adjustments, and adherence to a flexible exchange rate to keep the programme on track.
- The IMF released a Governance and Corruption Diagnostic highlighting entrenched weaknesses, which Pakistan published as a prior action alongside moves to restructure an undercapitalised bank.