SBP receives $1.3 billion under IMF's EFF and RSF programmes
The State Bank of Pakistan has received $1.3 billion from the International Monetary Fund under the Extended Fund Facility and Resilience and Sustainability Facility programmes, providing a critical injection into the country's foreign exchange reserves at a time of continued external account pressure.
The disbursement marks a milestone in Pakistan's ongoing engagement with the IMF and signals the Fund's satisfaction with Islamabad's adherence to agreed reform benchmarks. The EFF, which targets macroeconomic stabilisation, and the RSF, focused on climate and structural resilience, together represent the dual-track support architecture underpinning Pakistan's economic recovery programme.
The inflow is expected to bolster the SBP's reserve position, providing greater buffer against import financing needs and debt servicing obligations. Pakistan's reserves have been under persistent pressure, and each IMF tranche carries both financial and confidence-building significance for sovereign credit markets.
The development comes ahead of Pakistan's upcoming budget cycle, where the government is under pressure to demonstrate fiscal consolidation while managing social expenditure commitments tied to the IMF programme conditions.
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