Pakistan Receives $1.02 Billion IMF Tranche as Economic Reforms Gain Praise

The State Bank of Pakistan received a second IMF tranche of $1.023 billion under the Extended Fund Facility, boosting foreign reserves. The IMF praised Pakistan’s economic reforms, including a 2% GDP primary surplus and low inflation. It also approved $1.4 billion under the Resilience and Sustainability Facility. Reserves reached $10.3 billion, expected to grow further. Prime Minister Shehbaz Sharif welcomed the development, stating that India’s attempts to sabotage Pakistan’s progress had failed and were rejected by global institutions.