Pakistan’s foreign exchange reserves received a significant boost as the State Bank of Pakistan (SBP) has secured the second tranche from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF).

The IMF Executive Board, during its meeting on May 9, 2025, completed the first review of the EFF and approved a disbursement of SDR 760 million, equivalent to approximately US$ 1.023 billion, to Pakistan.

The funds were officially received by the SBP on May 13, and are poised to be recorded in the country’s foreign exchange reserves in the report for the week ending on May 16, 2025. This infusion is expected to provide a substantial lift to Pakistan’s economic stability and resilience.