IMF board approves Pakistan's $1.32 billion funding access. The International Monetary Fund has cleared Pakistan to draw approximately $1.1 billion under the Extended Fund Facility and $220 million under the Resilience and Sustainability Facility. This brings total disbursements under both ongoing programs to $4.8 billion as part of Pakistan's broader $7 billion IMF program agreed in March. The approval comes as Pakistan faces challenging external conditions following Middle East developments. The State Bank of Pakistan has maintained tight monetary policy, raising its key policy rate to 11.5% in April, demonstrating commitment to macroeconomic stability. The IMF emphasized the importance of sustaining strong fiscal discipline while accelerating structural reforms to navigate the uncertain global environment and strengthen long-term economic resilience.
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