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Pakistan Receives $1.3 Billion From IMF as Islamabad Hosts Budget Talks

Talks in Islamabad now focus on next year’s IMF-guided budget.

Overview

  • The State Bank, which disclosed Wednesday it received SDR 914 million on May 12, said the inflow will show in reserves for the week ending May 15.
  • The IMF Executive Board cleared the third EFF review and a second RSF tranche on May 8, totaling about $1.3 billion and taking cumulative disbursements to roughly $4.5 billion.
  • The visiting IMF mission is meeting the Finance Ministry, the FBR and the SBP through May 20 to set budget targets, assess revenue measures and review energy and state‑owned enterprise reforms.
  • Government figures show petroleum‑levy receipts rose 45% to Rs1.205 trillion in July–March, with petrol buyers now paying about Rs117.5 per litre in levy.
  • The SBP’s half‑year report cites better growth and lower inflation in H1 FY26 but warns the Middle East war and April’s roughly $5 billion in external repayments, partly eased by a $3 billion Saudi rollover, threaten the outlook.