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Today, the International Monetary Fund (IMF) will begin formal negotiations with Pakistan for the fourth review of its $7 billion Extended Fund Facility (EFF) and the third review of the Resilience Support Facility (RSF). If successful, these reviews could unlock about $1.2 billion in aid by the end of November or early December. Meanwhile, the finance ministry clarified that claims of government financing for Pakistan International Airlines’ aircraft procurement are false, stating that discussions with the US Exim Bank were broader and included potential support for exports unrelated to sovereign guarantees.
Written locally by qwen2.5:14b on 2026-09-28,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
IMF talks to unlock a $1.2 billion disbursement for Pakistan began on Monday in Islamabad, led by Iva Petrova. The discussions aim to complete the fourth review of the $7 billion Extended Fund Facility (EFF) and the third review of the Resilience Support Facility (RSF). If successful, Pakistan could receive about $1 billion under the EFF and another $200 million under the RSF by late November or early December. However, Pakistan might need waivers from the IMF’s executive board due to delays in meeting structural benchmarks, particularly regarding the sovereign wealth fund law which was missed in March. The finance minister briefed the IMF team on recent macroeconomic improvements and investment climate challenges amid ongoing tensions with Iran. Additionally, Pakistan's government clarified that it is not planning to purchase aircraft for the recently privatized Pakistan International Airlines (PIA).
Written for “IMF Talks For Funding Unlocking” on 2026-10-05,
grounded in this article and the 1 other(s) covering the same event.
Formal negotiations between the government and a visiting International Monetary Fund (IMF) staff mission for the fourth review of the $7 billion Extended Fund Facility (EFF) and the third review of the Resilience Support Facility (RSF) are expected to begin today (Monday).
asserted
negotiations → visit → Facility
Official sources said the mission, led by Iva Petrova, would stay for almost two weeks, until the first week of October, to conduct the fourth review of the EFF and the third review of the RSF.
asserted
mission → say → RSF
Pakistan is currently under a 37-month IMF programme aimed at stabilising the economy through fiscal discipline, structural reforms and measures to support long-term growth.
asserted
Pakistan → aim → growth
Meanwhile, Adviser to the Finance Minister Khurram Schehzad clarified on Sunday that the government was not buying any aircraft for Pakistan International Airlines (PIA), which was privatised through an auction in December last year.
asserted
which → clarify → December
“The government is neither buying aircraft for a privatised PIA, nor has it announced any sovereign guarantee of taxpayer-funded loan for doing so,” Mr Schehzad posted on X following claims on social media that a minister was arranging and negotiating sovereign-linked financing for the jets.
uncertain
minister → buy → jets
The claims came after a recent meeting between Finance Minister Aurangzeb and Chairman of the US Export-Import (Exim) Bank John Jovanovich on the sidelines of the 81st session of the United Nations General Assembly in New York.
uncertain
claims → come → York
The finance ministry said the two discussed the Reko Diq mining project and funding opportunities for procuring an aircraft for PIA.
asserted
two → say → PIA
The finance minister shared PIA’s interest in Boeing’s 787 Dreamliners and “sought support for a financing package covering aircraft and engines”.
asserted
minister → share → aircraft
However, Mr Schehzad pointed out in his post that the US Exim’s “mandate, like export credit agencies elsewhere, is to support its country’s exports and jobs”.
asserted
mandate → point → exports
US Exim provides financing support to foreign purchasers of US-manufactured aircraft, including airlines, through established financing structures,” he added.
asserted
he → provide → structures
“US Exim’s own framework provides for asset-backed aircraft financing, where financing can be secured against the aircraft itself and credit assessed on the airline/lessee and/or guarantor, if any.
asserted
financing → provide → lessee
He added that Mr Aurangzeb’s discussions with US Exim were not confined to PIA.
asserted
discussions → add → PIA
They covered potential financing across aviation, refinery upgrades and Reko Diq as part of a much broader Pakistan-US economic engagement.
asserted
They → cover → engagement
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