Pakistan, May 14 -- The State Bank of Pakistan (SBP) has received a $1.023 billion tranche from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) programme. This disbursement will be added to SBP's foreign exchange reserves for the week ending May 16, 2025, offering much-needed support for Pakistan's economy amid rising fiscal challenges.

This latest release follows the IMF Executive Board's approval last week after Pakistan successfully met key performance targets. These include maintaining a primary fiscal surplus, raising the tax-to-GDP ratio, and meeting provincial fiscal goals. The EFF, a 37-month programme, aims to help countries facing balance-of-payments issues.

In addition to the EFF, Pakistan also pa...