The International Monetary Fund (IMF) Executive Board is scheduled to meet today to consider Pakistan’s request for the disbursement of another tranche of the loan.
The session will review Pakistan’s performance under the Extended Fund Facility (EFF) programme and its request for an arrangement under the Resilience and Sustainability Facility.
Upon the board’s approval, Pakistan is expected to access approximately $1 billion (SDR 760 million) under the EFF, bringing the total disbursements under the programme to about $2 billion.
Additionally, the country would unlock $1.3 billion under a new climate resilience loan programme, which will span 28 months.
The IMF loan tranches are set to bolster Pakistan’s foreign exchange reserves, which stood at $15,482.6 million. Of this total, foreign reserves held by the State Bank of Pakistan amounted to $10,332.5 million, with the remaining $5,150.1 million held by commercial banks.
The State Bank of Pakistan confirmed that its reserves increased by $118 million in the week ending May 2, 2025.
Meanwhile, India's Foreign Secretary Vikram Misri indicated that India's position regarding the IMF loan to Pakistan will be presented at the upcoming board meeting.
“We have an executive director at the IMF. Tomorrow (Friday), there is a meeting of the board of the IMF, and I’m sure that our executive director will put forward India’s position,” he stated during a press conference.
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