IMF Staff-Level Agreement Unlocks $1.2B Tranche Under EFF & RSF for Pakistan

External Account Boost

Pakistan reached a critical Staff-Level Agreement (SLA) with the International Monetary Fund (IMF) across reviews under the $7 billion Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF).

Breakdown of Upcoming Inflows

1. EFF Disbursement: Approximately $1.0 billion upon formal IMF Executive Board approval.
2. RSF Climate Financing: Roughly $210 million dedicated to climate resilience and structural sustainability.

Impact on Rupee & Reserves

The combined $1.2 billion inflow strengthens State Bank of Pakistan (SBP) foreign exchange buffers and reinforces currency stability for foreign equity investors.

Market Reaction

Sovereign Eurobonds and PSX index heavyweights re-rated higher on reduced external financing risk.