IMF Board to Consider $1.2 Billion for Pakistan in December
IMF $1.2 billion tranche: the IMF board meets in December on Pakistan’s EFF and RSF reviews. See the split, total disbursed and reserves position.
IMF tranche: the International Monetary Fund’s Executive Board is expected to consider about $1.2 billion for Pakistan in December 2026, likely in the second week of the month, Finance Minister Muhammad Aurangzeb has confirmed, The Nation reported on 8 November 2026.
The money follows the staff-level agreement reached after an IMF mission led by Iva Petrova held talks in Karachi and Islamabad from 23 September to 7 October 2026.
IMF $1.2 billion tranche: the split
| Facility | Review | Amount |
|---|---|---|
| Extended Fund Facility (EFF), 37 months | Fourth review | About $1.0 billion (SDR 760 million) |
| Resilience and Sustainability Facility (RSF), 28 months | Third review | About $210 million (SDR 154 million) |
| Total disbursed after approval | Both programmes | About $5.7 billion |
The Board will also conclude the 2026 Article IV consultation on Pakistan’s economy.
Reserves position
As of 30 October 2026, Pakistan’s total liquid foreign reserves were $26.86 billion, of which the State Bank held $21.56 billion. The government credits recent growth to stronger inflows, a $3 billion Eurobond in September, remittances and higher services exports. Read more on SBP foreign exchange reserves.
What it means
An IMF disbursement adds to reserves and supports confidence in the rupee, which matters for the dollar rate and import payments. It also keeps other lenders’ financing on track. The widening trade deficit is one pressure the reserves must absorb.
Frequently asked questions
When will Pakistan get the IMF tranche?
After the IMF Executive Board approves it in December 2026; the date has not been officially announced.
How much has Pakistan received under the current programmes?
About $5.7 billion in total after this disbursement, according to the report.
Source: The Nation (8 November 2026).
