Pakistan and the IMF have reached a staff-level agreement on key loan reviews.

The IMF staff and Pakistan reached an agreement on the fourth review of the $7B EFF and third review of the RSF. Sustained IMF progress generally supports macroeconomic stability and investor confidence across key sectors.

Possible impact on PSX shares

• HBL Habib Bank Limited▲ Could be positive

  Progress on the IMF program helps ease sovereign risk concerns, which could support banking sector valuations and overall credit stability.

  Price when this was written: Rs 290.26 · Live price, chart and results

• UBL United Bank Limited▲ Could be positive

  Staff-level agreement with the IMF tends to stabilize sovereign yields and currency outlook, potentially benefiting commercial lenders like UBL.

  Price when this was written: Rs 410.91 · Live price, chart and results

• OGDC Oil & Gas Development Company Limited▲ Could be positive

  Adherence to IMF structural benchmarks often pushes for energy-sector reforms, which may improve cash collection outlooks for exploration firms.

  Price when this was written: Rs 300.39 · Live price, chart and results

• PPL Pakistan Petroleum Limited▲ Could be positive

  Continued IMF engagement usually encourages fiscal measures to curb circular debt, potentially aiding cash flow stability for state-backed energy producers.

  Price when this was written: Rs 217.03 · Live price, chart and results

Read the full report

Business Recorder: Pakistan and IMF: A universal cure for all diseases