ISLAMABAD, Tuesday, September 22, 2026: Pakistan and the International Monetary Fund (IMF) are expected to begin crucial talks this week for the fourth review of the country’s economic programme, with successful negotiations potentially paving the way for around $1.2 billion in fresh financing.
The negotiations under Pakistan’s Extended Fund Facility (EFF) are expected to continue for around two weeks, with the two sides set to review the country’s economic performance and progress on reforms agreed under the programme.
Pakistani authorities will brief the IMF mission on economic performance through June 2026, while progress against structural benchmarks and other reform targets will also come under review.
Energy-sector reforms are expected to feature prominently in the discussions, including targets related to circular debt in the electricity and gas sectors.
The two sides are also expected to examine Pakistan’s progress on broader economic reforms and measures agreed under the IMF-supported programme.
If the reviews are completed successfully and subsequently approved by the IMF Executive Board, Pakistan could gain access to approximately $1 billion under the EFF and around $200 million under the Resilience and Sustainability Facility (RSF), which supports climate-related reforms.
Pakistan secured the 37-month EFF programme in September 2024 as part of efforts to strengthen macroeconomic stability, rebuild foreign exchange buffers and advance structural reforms.
The IMF Executive Board completed Pakistan’s third EFF review in May 2026, unlocking around $1.1 billion under the EFF along with approximately $220 million under the RSF.
The upcoming review will assess Pakistan’s performance against end-June 2026 targets, with energy-sector viability, public finances, structural reforms and other commitments expected to remain central to the negotiations.
The outcome will be closely watched as Pakistan seeks to maintain economic stability while continuing reforms under the IMF programme.