The International Monetary Fund (IMF) has not yet included Pakistan’s $7 billion Extended Fund Facility (EFF) on the agenda for its upcoming executive board meetings, which are scheduled for September 4, 6, 9, and 13. According to the IMF’s website, the schedule has been updated, but Pakistan’s 37-month EFF arrangement remains absent from the agenda.

On July 12, Pakistani authorities and the IMF team reached a staff-level agreement on the EFF, amounting to SDR 5,320 million (approximately USD 7 billion).

However, this agreement requires approval from the IMF’s Executive Board and hinges on the timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners.

In response, the Pakistani government is actively working to secure a rollover of $12 billion in loans from key allies, including China, Saudi Arabia, and the United Arab Emirates (UAE). Additionally, Pakistan has requested an extra $1.2 billion loan from Saudi Arabia to address a $2 billion financing gap.