KARACHI: Pakistan received the second tranche of Special Drawing Rights (SDR) 760 million, equivalent to $1.02 billion, from the International Monetary Fund (IMF).
The State Bank of Pakistan(SBP) confirmed that the Pakistan SBP has received 2nd tranche from IMF under Extended Fund Facility (EFF) program.
IMF Executive Board completed the first review under the EFF in its meeting held on May 09 2025, and approved disbursement of SDR 760 million for Pakistan.
Accordingly, SBP has received SDR 760 million (US$ 1,023 million) in value May 13 2025 from the IMF. The amount will be reflected in SBP’s foreign exchange reserves for the week ending on May 16 2025.
Earlier, International Monetary Fund (IMF) had lowered Pakistan’s economic growth forecast to 2.6% for the current fiscal year, down from its earlier prediction of 3%. This change comes as part of a broader update to global economic projections, which have been affected by trade uncertainties, including those caused by US President Donald Trump’s tariff policies.
This revised forecast is well below the 3.6% growth target set by Pakistan’s government. However, for the next fiscal year, the IMF expects Pakistan’s economy to grow by 3.6%.
On a positive note, the IMF has improved its outlook for inflation in Pakistan, now expecting it to average 5.1% this year instead of nearly 10%. For the next fiscal year, inflation is projected to be around 7.7%.
