---
title: 'Pakistan Seeks Early IMF Staff-Level Agreement as Finance Minister Heads to US'
url: 'https://thediplomaticinsight.com/pak-seeks-early-imf-bailout-as-finmin-heads-us/'
author: 'Web Desk'
date: '2025-10-11T08:59:17+05:00'
categories:
  - 'Asia'
  - 'Business'
  - 'Economy'
  - 'Pakistan'
  - 'World'
---

# Pakistan Seeks Early IMF Staff-Level Agreement as Finance Minister Heads to US

**Islamabad (TDI):** Pakistan’s Finance Minister, Muhammad Aurangzeb, has departed for Washington, DC, to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank, as the country pushes to secure an early staff-level agreement on its bailout program.

Under current arrangements, Pakistan secured a $7 billion, 37-month Extended Fund Facility (EFF) in September last year, along with a $1.4 billion, 28-month Resilience and Sustainability Facility (RSF) in May.

Together, the two programs total approximately $8.4 billion and are part of efforts to stabilize the country’s fragile economy.

The IMF has acknowledged “significant progress” in negotiations with Pakistan, though several outstanding issues remain. Aurangzeb has described the discussions as “constructive” and expressed hope that a resolution could be reached during his US visit.

While in Washington, Aurangzeb is expected to meet top officials from the IMF, World Bank, International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).

**Read More: [Heading Towards Consensus: Pakistan, IMF Close In on Staff‑Level Accord](https://thediplomaticinsight.com/pak-imf-close-in-on-staff%e2%80%91level-accord/)**

Meetings are also planned with IMF Managing Director Kristalina Georgieva under the G24 and MENAP (Middle East, North Africa, Afghanistan and Pakistan) formats.

Additionally, the finance minister will engage with international credit rating agencies, commercial banks, and Pakistani-American business leaders to mobilize broader financial support.

Domestically, the government remains focused on fiscal consolidation and aligning its policies with program commitments. Aurangzeb emphasized that Pakistan will prioritize domestic resources to deal with recent flood damage before seeking external aid.

The floods, caused by intense monsoon rains and water releases from India, have resulted in the loss of over 1,037 lives and affected more than 4 million people. Preliminary estimates put the total losses at around $1.31 billion.

The Finance Minister’s visit comes soon after the IMF mission has wrapped up its extensive review, for which a delegation was in Pakistan since late September.  At the conclusion of the review, IMF said that Pakistan’s progress showed promise.