The International Monetary Fund (IMF) has transferred 1.2 billion dollars to Pakistan, a development confirmed by the State Bank of Pakistan (SBP) on Thursday. According to the SBP, the amount has been released under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), strengthening Pakistan’s foreign exchange reserves.
The SBP stated that on December 8, 2025, the IMF Executive Board completed the second review under the EFF and approved the release of SDR 760 million. Additionally, the Board also approved the first tranche of SDR 154 million under the RSF. In total, Pakistan received SDR 914 million, equivalent to roughly 1.2 billion US dollars, from the IMF.
The central bank further confirmed that the disbursement was received on December 10, 2025, and will reflect in Pakistan’s foreign reserves position for the week ending December 12, 2025. Earlier, the IMF Executive Board had formally approved the combined disbursement of 1.2 billion dollars under the EFF and RSF.
Following the Board meeting, IMF Deputy Managing Director and Acting Chair Nigel Clarke said that Pakistan’s reform efforts under the EFF had helped maintain economic stability despite several external and domestic shocks. He noted improvements in real GDP growth, anchored inflation expectations, and reduced fiscal and external imbalances. However, he stressed the need for Pakistan to sustain prudent policies and accelerate reforms necessary for strong, private sector–driven, and sustainable medium-term growth.
The IMF mission, led by Eva Petrova, held detailed consultations in Karachi, Islamabad, and Washington, D.C., from September 24 to October 8, 2025, as part of the second review under the EFF and the first review under the RSF. The mission concluded with a staff-level agreement contingent upon Board approval.
