Pakistan pays $2.69 billion in IMF interest, including $533 million in surcharges since 2008

Economic Affairs Division data shows total IMF disbursements of SDR 17.45 billion over 17 years; 2025 marks highest annual payment at SDR 376 million

Pakistan has paid a total of SDR 1.90 billion — equivalent to USD 2.69 billion — in interest under various International Monetary Fund (IMF) programmes since 2008, including SDR 401.24 million in surcharges up to June 2025, according to the Economic Affairs Division (EAD).

Pakistan paid SDR 257.5 million in interest between 2009 and 2015, while SDR 14.5 million was paid under the 2010 disaster assistance programme. Interest payments under the 2013 EFF reached SDR 543.6 million through June 2025. Similarly, SDR 411.4 million was paid under the 2019 EFF, SDR 110.1 million under the 2020 rapid financing loan, SDR 142.23 million under the 2023 standby programme, and SDR 17.6 million under the 2024 EFF.

The government’s highest annual payment to the IMF came in 2025, when SDR 376 million was disbursed as interest, followed by SDR 325.79 million in 2023 and SDR 142.6 million in 2022. The lowest payment, SDR 24 million, was recorded in 2014 — the only year in which no surcharge was applied.

The EAD data shows that Pakistan received IMF disbursements worth SDR 17.45 billion over the last 17 years under multiple arrangements. These included SDR 4.94 billion under the Standby Arrangement (2008–10), SDR 297 million under Emergency Natural Disaster Assistance (2010), SDR 4.39 billion under the Extended Fund Facility (2013), SDR 3.04 billion through the Rapid Financing Instrument (2020), SDR 1.02 billion under the Standby Arrangement (2023), SDR 2.25 billion under the EFF (2024), and SDR 1.52 billion under the Standby Arrangement Programme (2008).

Meanwhile, Pakistan and the IMF reached a staff-level agreement on October 15 under the ongoing 37-month Extended Fund Facility (EFF) and the 28-month Resilience and Sustainability Facility (RSF). 

The agreement, once approved by the IMF Executive Board, will unlock about USD 1.2 billion — USD 1.0 billion under the EFF and USD 200 million under the RSF — bringing total disbursements under both programmes to USD 3.3 billion.

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