In a post on social media platform X, the State Bank of Pakistan (SBP) it had “received the second tranche of SDR 760 million (US$ 1,023 million) from the IMF under the Extended Fund Facility (EFF) programme.”

The amount will be reflected in SBP’s foreign exchange reserves for the week ending on 16th May 2025, it added.

The development comes days after IMF Executive Board completed the first review under the EFF arrangement, allowing the Pakistani authorities to draw the equivalent of about $1 billion.

India tried to block the payment at the executive board meeting on May 9, but it failed.

The Executive Board on Friday also approved the authorities’ request for an arrangement under the Resilience and Sustainability Facility (RSF), which will support Pakistan’s efforts in building economic resilience to climate vulnerabilities and natural disasters, with access to around $1.4 billion.

Pakistan is holding talks with the IMF on its upcoming annual budget. The virtual talks, being held on May 14 (today) will focus on the budgetary framework, including proposed revenue targets and expenditure estimates.