Pakistan is set to receive about $1.2 billion in IMF disbursements as the International Monetary Fund Executive Board meets on May 8. If the board approves the review, it will release about $1 billion, or SDR 760 million, under the $7 billion Extended Fund Facility after Pakistan’s third review.
Pakistan is also expected to receive about $210 million, or SDR 154 million, under the Resilience and Sustainability Facility after the second review. That combined disbursement would lift total releases under both arrangements to about $4.5 billion.
The IMF announced on March 27 that it had reached a staff-level agreement with Pakistan after talks held in Karachi and Islamabad from February 25 to March 2, followed by virtual discussions. Pakistan and the IMF have since discussed changes to fuel pricing and the removal of subsidies to meet the petroleum levy target of Rs1.47 trillion for the current fiscal year.
Petroleum levy collection crossed Rs1.2 trillion in the first nine months of the fiscal year, while the federal government is considering further levy changes to cover the Federal Board of Revenue shortfall.
Read: IMF Budget Framework for Pakistan 2026-27 Agreement Advances
IMF mission chief Iva Petrova said Pakistan’s policies had continued to strengthen the economy and rebuild market confidence, subject to board approval of the reviews. The IMF also warned that conflict in the Middle East could pressure inflation, growth and the current account through volatile energy prices and tighter global financial conditions.
Pakistan has committed to a FY26 budget primary surplus of 1.6% of gross domestic product and an underlying primary balance of 2% in FY27, supported by tax-base expansion and expenditure discipline.
