ISLAMABAD: Pakistan has received $1.32 billion from the International Monetary Fund after the lender’s Executive Board completed the third review under the country’s Extended Fund Facility programme, the State Bank of Pakistan confirmed on Wednesday.
According to the central bank, the IMF approved the release of $1.1 billion under the Extended Fund Facility (EFF) along with nearly $220 million through the Resilience and Sustainability Facility (RSF). Following the approval, the SBP said it received Special Drawing Rights worth SDR 914 million, equivalent to approximately $1.32 billion, on May 12, 2026.
The central bank stated that the inflow would appear in Pakistan’s foreign exchange reserves for the week ending May 15, 2026. Earlier, the IMF Executive Board cleared the disbursement during its meeting held on May 8.
The IMF said the latest tranche would support Pakistan’s efforts to rebuild foreign exchange reserves, maintain inflation control and continue economic reforms. The programme also requires the government to enhance revenue collection and accelerate the privatisation of state-owned enterprises.
Meanwhile, the government described the development as a strong indication of the IMF’s confidence in Pakistan’s economic policies. Deputy Prime Minister and Foreign Minister Ishaq Dar said the approval reflected international trust in the government’s reform agenda and fiscal measures.
Pakistan’s 37-month EFF arrangement, approved in September 2024, aims to strengthen macroeconomic stability, improve productivity and support sustainable economic growth. The programme also prioritises reforms in taxation, public services, energy sector viability and anti-corruption measures.
In addition, the 28-month RSF programme, approved in May 2025, focuses on climate resilience, disaster preparedness and better management of climate-related financial risks while supporting long-term environmental sustainability initiatives.
