The State Bank of Pakistan on Wednesday confirmed it had received around $1.3 billion from the International Monetary Fund following the completion of the latest review of Pakistan’s economic reform programme.
In a statement shared on X, the central bank said the IMF Executive Board, during its May 8 meeting, approved the release of SDR 760 million under the Extended Fund Facility (EFF) along with a second tranche of SDR 154 million under the Resilience and Sustainability Facility (RSF).
According to the SBP, the total amount received stands at SDR 914 million, equivalent to nearly $1.3 billion, which was transferred on May 12. The central bank added that the inflow would be reflected in Pakistan’s foreign exchange reserves for the week ending May 15.