Overview

• The IMF announced a staff-level agreement for a $1.2 billion disbursement under the EFF and RSF that awaits executive board approval.
• The State Bank of Pakistan and IFC signed a swap agreement as the IFC designated Pakistan a regional hub for expanded operations.
• Finance Minister Muhammad Aurangzeb briefed JP Morgan and Abu Dhabi Commercial Bank on an inaugural Green Panda Bond and a refreshed GMTN programme.
• Officials reported the Reko Diq mining project nearing financial close with expected participation from Exim Bank in the financing syndication.
• The privatisation drive advanced with cabinet approval for a G2G sale of First Women Bank and seven bids, including Citigroup, for PIA’s Roosevelt Hotel, while Pakistan pressed for faster climate finance through the V20 forum.