The IMF Executive Board is scheduled to meet Pakistani officials on May 9 to review the ongoing Extended Fund Facility and consider a request for financing under the Resilience and Sustainability Facility. The board will deliberate on a fresh $1.3 billion arrangement under Pakistan’s climate resilience programme, in addition to assessing the ongoing $7 billion bailout package.
As of December 31, 2024, the Asian Development Bank (ADB) had committed 764 public sector loans, grants, and technical assistance to Pakistan, totalling $43.4 billion. ADB’s current sovereign portfolio in the country includes 53 loans and 3 grants valued at $9.13 billion. This includes a $320 million loan for the Khyber Pakhtunkhwa Rural Roads Development Project, which aims to upgrade approximately 900 km of flood-prone rural roads.
In January 2025, the World Bank also approved a $20 billion lending package for Pakistan to help the cash-strapped nation address its economic challenges.
Meanwhile, Pakistan asserted that it has the “right” to request a United Nations Security Council meeting “when appropriate,” as tensions with India rise following the terror attack in Pahalgam that killed 26 people last month. “We see that all of this that is happening is in the context, in the backdrop of the situation in Jammu and Kashmir,” said Pakistan’s Permanent Representative to the United Nations, Ambassador Asim Iftikhar Ahmad, at a press conference. Ahmad was responding to a question on whether Pakistan plans to formally seek a Security Council session in the wake of the deadly April 22 attack in Jammu and Kashmir’s Pahalgam, which has led to heightened diplomatic friction between the two countries.
