Overview
- The IMF announced a staff-level agreement enabling $1.2 billion in disbursements, pending executive board approval by December 31 after Pakistan agreed to pre-flood budget targets and to publish a governance report.
- The State Bank of Pakistan and IFC signed a swap agreement as the IFC designated Pakistan a regional hub, indicating deeper engagement in liquidity and private-sector development.
- In meetings with ADCB and JP Morgan, Islamabad outlined plans for an inaugural green Panda bond in China and a refreshed global medium-term note program to widen funding options.
- The government said the Reko Diq mining project is nearing financial close, with participation by Exim Bank expected in the financing syndicate.
- Privatization steps advanced with a cabinet-cleared G2G sale of First Women Bank and bids for New York’s Roosevelt Hotel, while Aurangzeb pressed for faster climate finance through the Loss and Damage Fund and the GCF.