Karachi, December 11, 2025: The State Bank of Pakistan (SBP) has received approximately $1.2 billion from the International Monetary Fund (IMF) under its Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programs, the central bank said on Thursday.
The disbursement follows the IMF Executive Board’s approval during meetings held on December 8, 2025, which completed Pakistan’s second review under the EFF and the first review under the RSF. Under the decision, Pakistan received SDR 760 million (around $1 billion) from the EFF and SDR 154 million (about $200 million) under the RSF.
The total SDR 914 million (approximately $1.2 billion) will be reflected in SBP’s foreign exchange reserves for the week ending December 12, 2025. This brings total disbursements under both programs to $3.3 billion, supporting Islamabad’s ongoing efforts to stabilize the economy and strengthen climate resilience.
The IMF highlighted that the approvals came despite Pakistan’s challenging economic environment and the devastation caused by recent floods, citing “strong program implementation.”
Launched in September 2024, Pakistan’s 37-month EFF program focuses on restoring macroeconomic stability, strengthening public finances, broadening the tax base, rebuilding foreign reserves, and enhancing competitiveness. The 28-month RSF, initiated in May 2025, aims to boost climate resilience, improve disaster management, and enhance governance of key public investment processes.
With this latest disbursement, Pakistan continues its path toward economic stabilization while addressing climate-related challenges, signaling international confidence in the country’s reform and recovery agenda.