The IMF’s Executive Board is scheduled to review nearly $1.2 billion in financing for Pakistan, following the staff-level agreement finalized in October.

If approved, Pakistan will receive around $1 billion under the Extended Fund Facility (EEF), and another $200 million through the Resilience and Sustainability Facility (RSF).

An IMF team led by Iva Petrova held discussions in Karachi, Islamabad, and Washington, where the lender praised Pakistan’s programme implementation.

Priorities identified by the IMF included maintaining fiscal discipline, supporting flood-hit communities, ensuring inflation remains within the State Bank’s target, restoring the energy sector’s financial health, and pushing structural reforms.

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The IMF also acknowledged progress on the RSF-backed climate agenda, noting that Pakistan’s recent floods highlight the need for sustained and broad reforms to reduce climate vulnerabilities.

Ahead of the crucial meeting, the IMF issued its Governance and Corruption Diagnostic (GCD) report, warning that corruption and weak institutions continue to hinder Pakistan’s economic growth despite efforts to stabilize under the EFF.

The report said “corruption is a persistent challenge in Pakistan” and that weak control of corruption reduces the effectiveness of public spending, tax collection and confidence in the justice system.

It highlighted that many citizens are forced to make repeated payments to officials for basic services, while financial losses caused by corruption could otherwise support higher production and development.

The GCD report further noted that political and economic elites have long obstructed progress by influencing key policies and diverting public benefits for personal gain