KARACHI: The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received $1.02 billion from the International Monetary Fund (IMF), marking the second tranche under the ongoing Extended Fund Facility (EFF) arrangement.
“SBP has received the second tranche of SDR 760 million (US$ 1,023 million) from the IMF under the Extended Fund Facility programme,” the central bank announced in a statement. The amount will be recorded in the SBP’s foreign exchange reserves for the week ending May 16, 2025.
The disbursement follows the IMF Executive Board’s completion of the first review of Pakistan’s reform programme, which cleared the release of the funds. This brings the total disbursements under the $7 billion EFF arrangement to approximately $2.1 billion (SDR 1.52 billion).
Alongside this approval, the IMF Board also sanctioned a new agreement under the Resilience and Sustainability Facility (RSF), granting Pakistan access to an additional $1.4 billion (SDR 1 billion). The RSF is designed to help Pakistan strengthen its resilience against climate-related vulnerabilities and natural disasters.
Pakistan initially reached a staff-level agreement with the IMF on July 12, 2024, for the EFF programme, which was formally approved by the Executive Board in late September.
Analysts have underscored the importance of continued IMF support, noting that it not only boosts Pakistan’s foreign exchange reserves but also provides an essential framework for macroeconomic and structural reforms amid ongoing fiscal pressures.
