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IMF Says it Has Made Progress in Pakistan Funding Talks

12/03/2026 09:38 AST

The International Monetary Fund said on Wednesday it has made "considerable progress" in talks with Pakistan ?over its funding ?facilities and that discussions will continue.

"While considerable progress was made ?in the discussions, these will continue in the coming days, including to more fully assess the impact of recent global developments on Pakistan's economy ?and ?the EFF-supported (Extended Fund Facility) program," IMF advisor Iva Petrova said in the statement.

Pakistan is in an ongoing $7 billion IMF program.

Tanker drivers in Pakistan said they were facing long waits at depots due to a shortage of fuel, as the government played down fears of another rise in prices.

The US-Israeli war with Iran has disrupted shipping and damaged oil and gas facilities in the Middle East, raising global oil prices as countries scramble to deal with concerns over supply.

Dozens of tankers, which supply fuel across Pakistan, were seen parked at the side of the road on Tuesday at depots near Lahore, the capital of Punjab, the country's most populous province.

Last week, the government in Islamabad hiked prices by about 20 percent, triggering long lines and panic buying at filling stations across the country.


Asharq Al Awsat

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