IMF board to meet on Jan. 11 for Pakistan loan program approval 

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., on September 4, 2018. (REUTERS/File)
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Updated 08 December 2023
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IMF board to meet on Jan. 11 for Pakistan loan program approval 

  • The IMF last month said it had reached a staff-level agreement with Pakistan on the first review of a $3 billion bailout 
  • If approved by its board, the global lender will release a tranche of $700 million to the cash-strapped South Asian nation 

The executive board of the International Monetary Fund (IMF) will meet on Jan. 11 to consider the final approval to hand out to Pakistan the next $700 million tranche of its loan program. 

Last month, the IMF said it had reached a staff-level agreement with Pakistan on the first review of a $3 billion bailout, which will unlock $700 million in funding for the country. 

The funds to be issued are a second tranche of the bailout, which is subject to an approval from the IMF’s executive board. 

“We can confirm that the Board meeting for Pakistan will take place on January 11,” the IMF said in an emailed statement. 

Pakistan has been facing an acute balance of payment crisis, with its foreign exchange reserves diminished, along with historically high inflation and an unprecedented currency devaluation. 

Bloomberg News first reported on the IMF meeting. 


Pakistan to auction 600 MHz spectrum next month to boost Internet speeds

Updated 05 January 2026
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Pakistan to auction 600 MHz spectrum next month to boost Internet speeds

  • Pakistan has more than 130 million broadband connections, but access remains uneven despite increasing IT exports
  • Pakistani Internet users currently operate on about 274 MHz of spectrum, compared to around 600 MHz in Bangladesh

ISLAMABAD: Pakistan is set to auction a 600-megahertz (MHz) spectrum next month to ensure high speed and reliable Internet services across the country, state media reported on Monday, citing Information Technology (IT) Minister Shaza Fatima Khawaja.

The development comes at a time of mounting pressure on Pakistan’s telecom networks, with users and businesses complaining of slow Internet speeds and frequent disruptions as a limited spectrum struggles to serve the South Asian country.

Pakistan has more than 130 million broadband connections but access remains uneven, though its IT exports reached a record $3.8 billion in FY 2024–25, up from $3.2 billion the previous year, marking an 18 percent year-on-year increase, according to the Pakistan Software Export Board.

Speaking at an event in Islamabad, the IT minister said the federal cabinet has ratified the decision of spectrum auction, the Radio Pakistan broadcaster reported.

“This will not only improve 4G speed but also help roll out 5G services,” Khawaja was quoted as saying.

Khawaja last month said the quality of Internet service in Pakistan is not at par with international best practices or even regional standards, and one of the fundamental reasons for this was the non-availability of the spectrum.

Pakistani Internet users currently operate on about 274 MHz of spectrum, compared with around 600 MHz in Bangladesh, that leads to congestion, she told a news conference on Dec. 23, likening the situation to “trying to run eight lanes of traffic through two lanes.”

Speaking at Monday’s event, Khawaja reaffirmed the government’s commitment to investing in capacity-building of the youth.

“Youth are the country’s greatest asset,” she said, highlighting that over half a million young Pakistanis had been trained in various fields over the past 18 months.