Finance Minister Muhammad Aurangzeb announced on Thursday that a mission from the International Monetary Fund (IMF) will visit Pakistan on February 24 to negotiate the release of $1-1.5 billion in climate financing.

Speaking at the Retail Business Council, the finance minister also revealed that a second IMF mission is scheduled to arrive in March for a six-month review of the ongoing economic program. He assured that all matters related to the IMF program are progressing as planned.

Aurangzeb highlighted the importance of maintaining economic stability, noting that while the current account deficit turned negative for one month, it remained positive over the seven-month period. He emphasized the need for cautious economic growth to avoid the boom-and-bust cycle, stressing that structural reforms are critical to strengthening Pakistan’s economic framework.

In related news, foreign investors repatriated $1.37 billion in profits from Pakistan during the first seven months of the fiscal year, reflecting ongoing challenges in the country’s economic landscape.