The State Bank of Pakistan (SBP) announced on Wednesday that it had received around $1.3 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programmes, according to a post shared on X.
The post stated, “The IMF Executive Board completed the third review under the Extended Fund Facility (EFF) in its meeting held on May 8, 2026, and approved the disbursement of SDR 760 million for Pakistan”.
It further said, “Furthermore, the IMF Executive Board has also approved the disbursement of the second tranche of SDR 154 million under the RSF.”
According to the SBP statement, “Accordingly, SBP has received SDR 914 million (equivalent to about US$ 1.3 billion) under the EFF and RSF in value May 12, 2026, from the IMF.”
Read Also: Govt announces advance salary, pension for Eid ul-Azha 2026
The central bank added that “the amount would be reflected in SBP’s foreign exchange reserves for the week ending on May 15, 2026”.
After the latest approval, Pakistan has received a total of $4.5 billion from the IMF through two separate loan programmes worth $8.4 billion. The country can still access another $1 billion under the EFF and $200 million under the RSF.
Despite criticism over the economic impact of these policies, including rising unemployment, poverty, and income inequality, the government agreed to continue following the existing fiscal and monetary targets and maintain the stabilisation programme.
The IMF Executive Board also approved changes to one end-June performance criterion related to the SBP’s net international reserves. In addition, it introduced new performance targets for the central bank by end-December 2026 and end-June 2027.
Government officials said the $1 billion loan would support Pakistan’s balance of payments, while the additional $200 million would be used for budgetary support.
The IMF’s approval followed Pakistan’s improved performance on fiscal and monetary targets, although there were differing opinions about the economic direction during the second half of the current fiscal year.
The IMF mission reviewed Pakistan’s economic performance for the July-December 2025 period as part of the third review of the $7 billion bailout programme.
Pakistan successfully met all quantitative performance targets set for end-December 2025. It also performed better than expected on the floor for net international reserves and comfortably met the general government primary balance target.
However, while the government achieved six out of eight indicative targets for end-December 2025, the Federal Board of Revenue (FBR) remained a weak area. It failed to meet IMF targets related to net tax revenue collection and income tax revenue from retailers.