Pakistan, April 29 -- The International Monetary Fund (IMF) Executive Board is set to meet on May 9 to review Pakistan's financial arrangements. The meeting will discuss Pakistan's $1.3 billion climate resilience loan and the first review of its $7 billion bailout programme. This review is part of the ongoing 37-month Extended Fund Facility (EFF) arrangement with the IMF.

The IMF website confirmed that the meeting would focus on two key areas. One is the review under the Extended Fund Facility, and the second is a request for an arrangement under the Resilience and Sustainability Facility (RSF). Finance Minister Muhammad Aurangzeb, during his recent Washington visit, had expressed confidence in the IMF Board's approval.

Approval from th...