Pakistan has received another tranche of $ 1.023 billion, equivalent to 760 million in special sign rights (SDR), from the International Monetary Fund (IMF) under its extended fund facility (EFF), announced the State Bank of Pakistan (SBP) on Wednesday.

According to the central bank, the influx of the country’s currency reserves is reflected for the week ending May 16.

The payment follows the IMF’s Executive Board’s implementation of the first review of Pakistan’s ongoing financial reform program, which is supported during the EFF event, which was agreed in 2024.

With the latest transfer, the total payments under the program are now at approx. $ 2.1 billion (SDR 1.52 billion).

In the same session, the IMF board also approved Pakistan’s request for a scheme under Resilience and Sustainability Facility (RSF), giving access to around $ 1.4 billion (SDR 1 billion).

RSF is intended to support countries facing climate vulnerability and natural disasters by strengthening long -term macroeconomic stability and resilience.

The wider EFF program, originally agreed at staff level in July 2024, is SDR 5.32 billion – approx. $ 7 billion. It was formally approved by the IMF’s Executive Board in September of that year.

Analysts consider the IMF program critical of Pakistan’s economic prospects and offers not only a buffer to the country’s exhaustive reserves, but also a framework for structural reform.

Payments are expected to facilitate the pressure on Pakistan’s balance of payments and strengthen the investor’s confidence.