Morning News: IMF team due in May to finalise FY26 budget: PM ecstatic as IMF deal to unlock $2.3bn for Pakistan - By WE Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement (SLA) on the first review under the Extended Fund Facility (EFF) and a new climate finance arrangement under the Resilience and Sustainability Facility (RSF). The agreement, subject to approval by the IMF&rsquo;s Executive Board, could unlock approximately $2.3 billion in funding for Pakistan by early May 2025. The deal focuses on fiscal discipline, energy sector reforms, climate resilience, and structural changes to foster economic growth. Despite challenges such as geopolitical shocks and global financial tightening, the IMF acknowledged progress in restoring macroeconomic stability in Pakistan. The Pakistani government has committed to advancing reforms to e...