Prime Minister Shahbaz Sharif announced Thursday that the International Monetary Fund (IMF) has promised to support Pakistan as a joke to the country as a result of the devastating floods.
This assurance came during a high -level ceremony where the government of Pakistan and 18 banks signed agreements for a historic sign. 1.225 trillion financing facility to deal with the country’s chronic power sector’s circular debt.
Speaking from New York, where he is attending the 80th UN General Assembly meeting, the Prime Minister shared details of his recent meeting with IMF Managing Director Cristina Georgia. Sharif said, “He praised Pakistan’s economic reforms and, by recognizing the effects of the flood, was grateful to us to offer an important place, saying that the IMF was ready to move forward with us.”
On the occasion of the meeting, the hero, the hero, focused on the need to make Pakistan’s ongoing economic reforms and the IMF to make the economic result from the recent flood during its upcoming review. An IMF team will visit Pakistan on September 25, 2025, for the second annual review of the expansion fund facility (EFF), when the country faces flood inflation and economic difficulties.
Addressing the function of the financing agreement, Prime Minister Sharif described the circular loan solution as a “great success”, which states that the issue has long been used by national resources and is a threat to the stability of the energy sector. He supported the Power Task Force for its diligent work and successful negotiations with free power generators, emphasizing that a new circular loan project was the result of a collective effort.
Addressing the event, Federal Minister for Energy Aviation Lanhani also highlighted a heavy borrowing tool that took circular borrowing on the economy and energy sector. He emphasized that the resolution plan is not a isolated move but a part of the government’s wider reform agenda. “The move will strengthen the liquidity position of the power sector and send strong indications of financial discipline, investors’ trust and reform commitment,” Lishary said.
Federal Minister for Finance and Revenue Senator Mohammad Aurangzeb, addressing the event, in practice, described the agreement as the largest financial and reorganization transaction in Pakistan’s history. Giving remarks, he said, “This is a winning situation,” he said, while giving remarks, the government is now focusing on structural issues that have long been suffering the power sector.