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 vaccinates over 44.6 million in final anti-polio drive of 2025

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Pakistan vaccinates over 44.6 million in final anti-polio drive of 2025

  • Pakistan has reported 30 polio cases so far this year, underscoring fragile progress against virus
  • Pakistan and Afghanistan are the only two countries in the world where polio remains endemic

ISLAMABAD: Pakistan has vaccinated 44.6 million children against poliovirus in the last nationwide immunization campaign of the year, health authorities said on Monday.

The seven-day anti-polio campaign was launched on Dec. 15, targeting children under the age of five. It was conducted simultaneously in Pakistan and Afghanistan, according to Pakistan’s National Emergency Operations Center (NEOC), which oversees eradication efforts.

Pakistan and neighboring Afghanistan are the only two countries where transmission of the wild poliovirus has never been interrupted, posing a risk to global eradication efforts. The virus, which can cause irreversible paralysis, has no cure and can only be prevented through repeated oral vaccination.

“The final National Polio Eradication Campaign of 2025 has been successfully concluded,” the EOC said in a statement. “During the national polio campaign, vaccination of more than 44.6 million children was successfully completed.”

Giving a breakdown of the numbers, the EOC said approximately 22.9 million children have received polio drops in Pakistan’s eastern Punjab province, around 10.6 million in Sindh, more than 7.1 million in the northwestern Khyber Pakhtunkhwa (KP) province and more than 2.54 million children in Balochistan. 

In Pakistan’s capital Islamabad, over 450,000 children received polio drops while in the northern Gilgit-Baltistan region, approximately 274,000 children have been vaccinated, the NEOC said. 

In Azad Jammu & Kashmir, over 714,000 children received polio drops.

Pakistan has reported 30 polio cases so far in 2025, underscoring the fragility of progress against the virus. The country recorded 74 cases in 2024, a sharp increase from six cases in 2023, reflecting setbacks linked to vaccine hesitancy, misinformation and access challenges in high-risk areas.

Health officials say insecurity remains a major obstacle. Polio workers and their security escorts have repeatedly been targeted in militant attacks, particularly in parts of Khyber Pakhtunkhwa and Balochistan, complicating efforts to reach every child.

A gun attack targeting a polio vaccination team in Pakistan’s northwestern Bajaur district on Dec. 16 left one police constableand a civilian dead. 

Natural disasters, including flooding, have also disrupted vaccination campaigns in recent years.

“Polio workers and security personnel who served during the national campaign are the true heroes of the nation,” the EOC said.