Pakistan Receives Second IMF Loan Tranche of $1 Billion

Pakistan has received the second instalment of $1 billion from the International Monetary Fund (IMF) under the ongoing loan programme.

The funds were transferred to the State Bank of Pakistan (SBP) and will be reflected in the central bank’s foreign exchange reserves on May 16. This disbursement comes after the IMF Executive Board approved the release of the tranche on May 9.

The latest inflow is a key part of Pakistan’s efforts to stabilise its economy, manage fiscal challenges, and boost foreign exchange reserves. The IMF confirmed in a statement that it had completed the first review under the Extended Fund Facility (EFF), enabling Pakistan to draw approximately $1 billion.

In April, Pakistan and the IMF reached a staff-level agreement for the first review under the 37-month $7 billion EFF. In addition, both parties also agreed on a new 28-month, $1.3 billion programme under the Resilience and Sustainability Facility (RSF) to support climate-resilient economic growth.