The State Bank of Pakistan has received a $1.3 billion tranche from the International Monetary Fund.

The State Bank of Pakistan confirmed on Wednesday that it received around $1.3 billion from the International Monetary Fund after the completion of the most recent evaluation of Pakistan’s economic reform program.

The central bank said on X that the IMF Executive Board approved the disbursement of SDR 760 million under the Extended Fund Facility (EFF) and a second tranche of SDR 154 million under the Resilience and Sustainability Facility (RSF) during its meeting on May 8.

The SBP reports that the total cash received is SDR 914 million, about $1.3 billion, transferred on May 12.

The central bank stated that the influx would be evident in Pakistan’s foreign exchange reserves for the week concluding on May 15.

Last Monday, the IMF sanctioned the third assessment of Pakistan’s reform strategy, facilitating the most recent disbursement. The disbursement comprises over $1.1 billion from the EFF and nearly $220 million from the RSF, resulting in a cumulative total of approximately $4.8 billion across both programs.

The IMF recognized Pakistan’s enhancing economic statistics but cautioned that the nation remains susceptible to external threats, especially due to instability associated with the protracted conflict in the Middle East.

“The authorities’ strong implementation, despite the Middle East war, has maintained economic stability and improved financing and external conditions,” the Fund said in its statement.

The IMF emphasized the necessity of upholding prudent economic policies and expediting structural changes to enhance resilience and guarantee sustained long-term growth.

Nigel Clarke, Deputy Managing Director of the IMF, emphasized the increasing global uncertainty, asserting that Pakistan must maintain disciplined macroeconomic management while accelerating reform initiatives to mitigate future economic shocks.

The SBP, in its semiannual economic report published on Tuesday, observed that while macroeconomic stability enhanced during the initial half of fiscal year 2026, ongoing tensions in the Middle East persist as threats to inflation, trade, remittances, and overall economic activity.