Pakistan Receives $1.3 Billion IMF Tranche, Confirms State Bank

Fresh IMF funding expected to strengthen Pakistan’s foreign exchange reserves

KARACHI: State Bank of Pakistan confirmed on Wednesday that Pakistan has received around $1.3 billion from the International Monetary Fund under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programmes.

According to Beyond Time News, the central bank shared the update through an official statement posted on X.

The SBP said the IMF Executive Board completed the third review of Pakistan’s Extended Fund Facility during its meeting on May 8, 2026.

IMF Approves New Loan Disbursement for Pakistan

The IMF approved the release of SDR 760 million under the EFF programme. The board also cleared the second tranche of SDR 154 million under the Resilience and Sustainability Facility.

The State Bank stated that Pakistan received a total of SDR 914 million, equal to nearly $1.3 billion, on May 12, 2026.

Officials said the amount will appear in the country’s foreign exchange reserves for the week ending May 15, 2026.

Pakistan’s IMF Support Reaches $4.5 Billion

Last week, the IMF Executive Board approved loan tranches worth $1.2 billion after Pakistan accepted several new economic conditions and committed to continuing its financial reform programme.

According to Beyond Time News, Pakistan has now received around $4.5 billion from the IMF under two separate financial assistance programmes worth a combined $8.4 billion.

Pakistan can still access another $1 billion under the Extended Fund Facility and an additional $200 million through the Resilience and Sustainability Facility.

Government officials expect the latest inflow to push the country’s foreign exchange reserves above $17 billion.

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Government Commits to Economic Stabilisation Policies

The government assured the IMF that it would continue following existing fiscal and monetary targets despite criticism of the current economic policies.

Many experts and public voices have raised concerns over rising unemployment, increasing poverty, and growing income inequality during the stabilisation process.

However, authorities believe continued IMF support remains important for maintaining economic stability, controlling inflation, and improving investor confidence in Pakistan’s economy.