Islamabad/Washington: The International Monetary Fund (IMF) Executive Board has formally approved the release of approximately $1.3 billion for Pakistan under its ongoing $7 billion Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programs.
This marks the third tranche disbursed to Pakistan since the 37-month EFF was signed in September 2024, bringing total disbursements to $3.3 billion.
The approval follows the successful completion of the second review, during which Pakistan met all quantitative performance criteria and structural benchmarks well ahead of schedule.
Key milestones highlighted by the IMF and Ministry of Finance:
First current account surplus in 14 years
Inflation brought under firm control through disciplined fiscal and monetary policy
Significant build-up in foreign exchange reserves, restoring investor confidence
Completion of the Governance and Anti-Corruption Diagnostic Report
Continued energy sector reforms aimed at reducing circular debt and improving efficiency
Integration of climate-resilient policies in the aftermath of the 2022 floods
Previous tranches under the program:
September 2024 → $1.0 billion (first tranche)
May 2025 → $1.0 billion (second tranche)
December 2025 → ~$1.3 billion (third tranche – approved today)
Finance Ministry officials termed the swift approval a “strong endorsement” of the government’s reform agenda and its commitment to transparency and structural changes.
With reserves bolstered and macroeconomic stability restored, the government has pledged to stay the course on energy pricing, tax reforms, and climate-related initiatives to ensure long-term sustainable growth.
The next IMF review is tentatively scheduled for early 2026.