Economy tracker

IMF & Pakistan

One place for the decisions behind Pakistan’s IMF programme: review missions, financing milestones, fiscal commitments and what each development means for households, markets and public policy.

14 reportsLatest 17 April 2026
The State Bank of Pakistan building, photographed in March 2016.

Latest development

17 April 2026
Newest report

Pakistan, Saudi Arabia sign agreement to extend $3bn SBP deposit

Pakistan and the Saudi Fund for Development on 17 April 2026 signed an agreement extending a $3bn deposit at the State Bank; SBP Governor Jameel Ahmed signed for Pakistan.

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The reporting trail

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The headquarters building of the State Bank of Pakistan in Karachi, a sandstone and marble structure used as the institutional anchor of the Fitch rating story.Pakistan / Business & Finance

Fitch affirms Pakistan's credit rating at 'B-', stable outlook despite Gulf energy shock

Fitch held Pakistan's B- rating with a stable outlook on 13 April 2026, citing IMF progress and rebuilt forex buffers.

Flag of the United Arab Emirates.Pakistan / Business & Finance

Pakistan to repay $3.5bn UAE debt this month as April obligations hit $4.8bn

Pakistan will return its entire $3.5 billion debt to the United Arab Emirates this month in three instalments, officials said, bringing April external debt service to $4.8bn.

A red Islamabad Metro Bus at a stop in the Blue Area of the capital.Pakistan / Politics & Governance

Pakistan rolls out free public transport and fuel subsidies after petrol, diesel price shock

Islamabad and Punjab make state-run buses free for 30 days and announce targeted subsidies after fuel prices jumped sharply on the Iran war.

The historic headquarters of the State Bank of Pakistan in Karachi, photographed at dusk.Pakistan / Business & Finance

IMF, Pakistan sign staff-level agreement unlocking $1.2bn tranche

On 28 March 2026 the IMF announced a staff-level agreement unlocking $1.2bn for Pakistan under the EFF and RSF, with tacit backing for Islamabad's fuel subsidy.

The International Monetary Fund headquarters building at 700 19th Street Northwest in Washington, D.C.Pakistan / Business & Finance

IMF, Pakistan talks on $7bn facility continue after staff-level agreement slips

The IMF’s 11 March end-of-mission statement said its team could not reach a staff-level agreement on Pakistan’s third EFF review despite progress, with talks to resume.

Oil pipelines and storage infrastructure at Saudi Aramco's Jubail facility in Saudi Arabia.Pakistan / Business & Finance

Pakistan asks Saudi Arabia to expand oil facility and roll over $5bn

Pakistan has asked Saudi Arabia to raise its deferred-payment oil facility to $5bn and convert a $5bn State Bank deposit into a 10-year facility, Geo News reported.

A Pakistan State Oil petrol station forecourt in Hyderabad, Sindh, with fuel pumps under a canopy.Pakistan / Business & Finance

Oil tops $100 a barrel as Iran war enters day 9, deepening Pakistan's energy crisis

Crude surged past $100 a barrel on 8 March 2026 as Israeli strikes hit Tehran oil depots, deepening the LNG and fuel squeeze Pakistan is already feeling from the Middle East war.

A bull statue in front of a stock exchange building in Pakistan.Pakistan / Business & Finance

KSE-100 slides 3.6% as PSX posts second straight weekly decline

Pakistan's KSE-100 index fell 3.6 per cent week-on-week to close at 173,170, extending the PSX sell-off into a second week as foreign selling and geopolitical risk persisted.

The facade and entrance canopy of the Roosevelt Hotel in Midtown Manhattan, New York.Pakistan / Business & Finance

Pakistan and US sign MoU to redevelop New York's Roosevelt Hotel

Pakistan's finance ministry said the two governments signed a memorandum of understanding on 19 February 2026 to jointly renovate and redevelop the Roosevelt Hotel in Manhattan.

The colonnaded sandstone facade of the State Bank of Pakistan building under a blue sky.Pakistan / Business & Finance

Pakistan repays $700m Chinese loan as FX reserves fall to $15.5bn

Pakistan repaid a $700 million China Development Bank loan, cutting gross official reserves to $15.5 billion ahead of an IMF review mission due on 25 February 2026.

The State Bank of Pakistan building in Lahore on a sunny dayPakistan / Business & Finance

S&P projects Pakistan's economy to grow 3.5pc in FY26, 4.4pc in FY27

S&P Global Market Intelligence projected Pakistan's real GDP growth at 3.5pc in FY26 and 4.4pc in FY27, endorsing the State Bank's macroeconomic outlook.