ISLAMABAD: Pakistan is expected to receive more than $1.2 billion from the International Monetary Fund (IMF) under its ongoing Extended Fund Facility (EFF) programme, as the IMF Executive Board is scheduled to meet on May 8 to review the country’s economic progress.
According to official sources, the IMF board will consider approval of the fourth tranche under Pakistan’s $7 billion EFF programme after the successful completion of the third review. If approved, the funds are likely to be released shortly and transferred to the State Bank of Pakistan.
Sources said Pakistan is expected to receive around $1 billion under the EFF programme, while an additional $210 million may be released under the Resilience and Sustainability Facility (RSF), which supports climate-related economic reforms and sustainability initiatives.
The IMF and Pakistan had reached a staff-level agreement on March 27, which cleared the way for the upcoming board review. Economic experts believe the approval of the next IMF tranche will strengthen Pakistan’s foreign exchange reserves and improve investor confidence in the country’s economy.
Pakistan secured the 37-month IMF Extended Fund Facility programme in September 2024 to stabilize the economy, control inflation and implement structural reforms. Since the start of the programme, Pakistan has already received three tranches worth $1 billion each in September 2024, May 2025 and December 2025.
Government officials say the IMF programme has played a key role in supporting Pakistan’s economic recovery, fiscal discipline and financial stability. The upcoming tranche is also expected to help the government manage external financing needs and maintain macroeconomic stability.
In addition to the EFF programme, Pakistan is benefiting from the IMF’s climate financing initiative under the RSF programme. The facility aims to help vulnerable economies tackle climate change challenges while improving long-term economic resilience.
Officials believe the IMF board’s approval will send a positive signal to international financial institutions and global investors regarding Pakistan’s economic reform agenda and commitment to fiscal responsibility.
