Pakistan Receives Second IMF Installment of $1.203 Billion as Part of Loan Program

The State Bank of Pakistan has confirmed the receipt of a $1.203 billion installment from the International Monetary Fund (IMF), marking the second tranche of the Extended Fund Facility (EFF) loan program.

In an official statement, the central bank stated that the disbursement follows a successful review of Pakistan’s economic performance by the IMF review mission. The IMF Executive Board approved the release of funds on May 9 to Pakistan under the banner of EFF loan program. This amount will be reflected in Pakistan’s foreign exchange reserves on May 16, 2025.

Pakistan and the IMF have initiated virtual negotiations concerning the country’s upcoming budget for the fiscal year 2025–26. During these discussions, both parties are expected to reach a consensus on key budgetary targets.

Sources indicate that the Pakistani government remains committed to pursuing economic reforms under the IMF program. While an IMF delegation was initially scheduled to visit Pakistan this week, the trip has been postponed and is now expected to take place next week.

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