Islamabad: The State Bank of Pakistan (SBP) announced on Wednesday that it has received the second tranche of Special Drawing Rights (SDR) amounting to 760 million, equivalent to approximately USD 1.02 billion, from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) programme.
This disbursement will be reflected in SBP’s foreign exchange reserves for the week ending May 16, 2025, the central bank said in an official statement.
The release of this tranche follows the IMF Executive Board’s completion of the first review of Pakistan’s economic reform programme under the EFF arrangement. The approval allows Pakistani authorities to draw an additional USD 1 billion, bringing total disbursements under the programme to about USD 2.1 billion (SDR 1.52 billion).
In a related development, the IMF Executive Board also approved Pakistan’s request for an arrangement under the Resilience and Sustainability Facility (RSF). This new facility is designed to support Pakistan’s efforts in building economic resilience to climate change and natural disasters, with access to around USD 1.4 billion.
The EFF programme, agreed upon in July 2024 and approved by the IMF Executive Board in September, provides Pakistan with a roadmap for economic reforms while bolstering the country’s foreign exchange reserves.
Analysts view the IMF support as a crucial step toward stabilizing Pakistan’s economy and achieving sustainable growth amid global economic uncertainties.
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