The State Bank of Pakistan (SBP) on Thursday received $1.2 billion from the International Monetary Fund (IMF) as the global lender approved the review of the country’s loan programme.
The central bank, in a statement, said that the Fund’s Executive Board had completed the second review of the Extended Fund Facility (EFF) and the first review of the Resilience and Sustainability Facility (RSF) during a meeting in Washington earlier this week.
“SBP has received SDR 914 million (equivalent to about $1.2 billion) under the EFF and RSF in value on December 10, 2025, from the IMF,” the central bank said.
It added that the amount will appear in SBP’s foreign exchange reserves for the week ending on December 12.
The IMF approved the fresh disbursement under its dual-track bailout. The 37-month EFF focuses on macroeconomic stabilisation while the climate-focused RSF addresses long-term climate challenges.
This tranche brings total disbursements to Pakistan under the EFF and RSF to approximately $3.3 billion.
Earlier, the IMF had approved the fresh disbursement.
The executive board, in a statement, highlighted that “Pakistan’s strong programme implementation, despite the recent devastating floods, has maintained stability and improved financing and external conditions”.
It stressed that the country’s policy priorities remain centred on maintaining macroeconomic stability and advancing reforms to strengthen public finances, enhance competition, raise productivity and competitiveness, bolster the social safety net and human capital, reform state-owned enterprises (SOEs) and improve public service provision and energy sector viability.
