PM Shehbaz welcomes $1.2 billion IMF staff-level deal as confidence boost for Pakistan’s economy

Prime Minister Shehbaz Sharif on Wednesday welcomed the staff-level agreement with the International Monetary Fund (IMF) for $1.2 billion, describing it as a clear sign of confidence in Pakistan’s macroeconomic stability and reform momentum.

In a statement issued after the deal was finalized under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), the prime minister said the IMF’s approval underscored satisfaction with the pace of economic growth and institutional reforms being implemented by the government.

Shehbaz praised Finance Minister Muhammad Aurangzeb, the Minister of State for Finance, the Federal Finance Secretary, and their respective teams for their “dedicated efforts” that led to the successful conclusion of the agreement.

“The economy is moving in the right direction. We will take all necessary measures for Pakistan’s development and prosperity,” the prime minister affirmed, reiterating his government’s commitment to sustaining the reform agenda and ensuring continued economic progress.