Federal Finance Minister Muhammad Aurangzeb announced on Friday that Pakistan is set to receive $1 billion from the International Monetary Fund (IMF) immediately after the global lender’s Executive Board gives its formal approval.
Addressing a press conference in Islamabad, Aurangzeb shared that a Staff-Level Agreement (SLA) was recently concluded with the IMF, marking a significant milestone. “We’ve met all required performance benchmarks, and this program aligns with Pakistan’s own economic reform agenda,” he said.
The finance minister emphasized that the agreement isn’t externally imposed but part of Pakistan’s long-term vision for fiscal stability. “This is our program, and we fully own it,” he said.
Aurangzeb reiterated that Pakistan will receive $1 billion from IMF upon Board approval — a move that will bolster foreign reserves and reinforce investor confidence. He noted that macroeconomic indicators are stabilizing, inflation is declining, and institutional mechanisms are being developed to monitor essential commodity prices for public relief.
He further stated that the tax-to-GDP ratio is expected to hit 10.6% by the end of June, and this fiscal year has already seen a 32.5% increase in revenue collection, with major gains from new tax filers and the business community.
Discussing international trade, Aurangzeb highlighted the importance of strengthening commercial ties with the United States, Pakistan’s leading trade partner. Special committees have been formed to resolve tariff issues, and a delegation will soon travel to Washington.
He concluded by stating that the expected disbursement will be a major boost for Pakistan’s economy. “Once approved, Pakistan to receive $1 billion from IMF — a crucial step towards economic resilience and growth,” he affirmed.