Islamabad-Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the fourth review of the Extended Fund Facility (EFF) and the third review of the Resilience and Sustainability Facility (RSF), paving the way for about USD1.2 billion in additional financing, subject to approval by the IMF Executive Board. The agreement was announced on October 7 after an IMF team led by Iva Petrova held discussions with Pakistani authorities in Karachi and Islamabad from September 23 to October 7 as part of the 2026 Article IV consultation and reviews of the two programmes. According to the IMF, approval by its Executive Board would give Pakistan access to about USD1 billion under the EFF and approximately USD210 million under the RSF. This would take total disbursements under the two arrangements to about USD5.7 billion. The IMF said programme implementation under the EFF had remained broadly on track despite a challenging external environment, while Pakistani authorities had continued work on climate-related reforms under the RSF.