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 IMF and Pakistan have struck a staff-level agreement (SLA) on the first review under the Extended Fund Facility (EFF) and on a new climate finance under the Resilience and Sustainable Facility (RSF). The IMF&rsquo;s Executive Board will consider approval of approximately $2.3 billion in six-week period with expectations that Islamabad will be able to secure the loan amount in the first week of May 2025, ahead of the upcoming budget for financial year 2025-26.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As a formal feasibility study confirmed more than $60 billion worth of copper and gold reserves at the Reko Diq project in Balochistan at prevailing prices, three state-owned energy sisters ...