Pakistan receives $1.2 billion from IMF under EFF, RSF loan programs— central bank

A man stands near a logo of IMF at the International Monetary Fund — World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, on October 12, 2018. (REUTERS/File)
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Updated 11 December 2025
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Pakistan receives $1.2 billion from IMF under EFF, RSF loan programs— central bank

  • IMF Executive Board approved Pakistan’s second review under EFF, first review under RSF loan programs this week 
  • Disbursements from IMF have been crucial for cash-strapped Pakistan as it tries to recover from economic crisis 

ISLAMABAD: Pakistan’s central bank announced on Thursday that it has received $1.2 billion under the International Monetary Fund’s (IMF) External Fund Facility and Resilience and Sustainability Facility (RSF) loan programs. 

The IMF approved a $7 billion bailout package for Pakistan under its EFF program in September 2024 while in May 2025, it approved a separate $1.4 billion loan to Pakistan under its climate resilience fund. The RSF will support Pakistan’s efforts in building economic resilience to climate vulnerabilities and natural disasters. 

The global lender approved Pakistan’s second review under its $7 billion EFF program and first review under the RSF loan on Tuesday. As per the State Bank of Pakistan (SBP), the central bank received a combined sum of $1.2 billion under the EFF and RSF on Dec. 10. 

“The amount would be reflected in SBP’s foreign exchange reserves for the week ending on Dec. 12, 2025,” the SBP said in a statement. 

IMF bailouts have been crucial for cash-strapped Pakistan, which has been struggling with a prolonged economic crisis that has exhausted its financial reserves and weakened its currency. Pakistan came to the brink of a sovereign default in 2023 before a last-gasp IMF bailout package helped it avert the crisis. 

Pakistan has had to take tough decisions to comply with the IMF’s loan requirements, which include scrapping subsidies from food and fuel items to trigger inflation. Since then, Pakistan has attempted to regain stability by sharply reducing inflation and recording a current account surplus. 

The disbursement, however, comes at an important time for the South Asian country as it mitigates losses from a deadly monsoon season that killed over 1,000 people since late June and caused at least $2.9 billion in damages to agriculture and infrastructure.


‘Good sense’ hailed as blockbuster Pakistan-India match to go ahead

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‘Good sense’ hailed as blockbuster Pakistan-India match to go ahead

  • Pakistan ends week-long standoff after ICC and regional boards intervene over boycott threat
  • India-Pakistan clash seen as financial linchpin for tournament, with cancelation hurting all members

MUMBAI: Pakistan’s decision to U-turn and go ahead with their blockbuster Group A match against India at the T20 World Cup on February 15 was hailed Tuesday as an outbreak of “good sense” and “good for cricket.”

The Pakistan government in Islamabad late on Monday night ended a week-long stand-off by rescinding its order for the cricket team to boycott the match in Colombo.

The biggest and most lucrative clash in world cricket was revived after a frantic weekend of negotiations.

It culminated in International Cricket Council (ICC) and Bangladesh Cricket Board (BCB) chiefs flying to Lahore on Sunday for talks with the Pakistan Cricket Board (PCB).

The governments of Bangladesh and Sri Lanka both wrote to the Islamabad government on Monday urging it to change its stance and allow the game to go ahead, and just before midnight they got their wish.

After “multilateral discussions, as well as the request of friendly countries, the Government of Pakistan hereby directs the Pakistan National Cricket Team to take the field on February 15,” the Islamabad government said on its official X account late Monday night.

The decision had been taken with the aim of “protecting the spirit of cricket,” it added.

Former India cricketer Madan Lal told AFP on Tuesday: “Pakistan did shake up the ICC by repeatedly saying they would not play.

“Eventually, the ICC had to send officials to Pakistan to sort out the issue” and that was “good for cricket.”

“We want strong teams to play so that the charm of the World Cup is not lost,” he added.

‘LOSS-LOSS SITUATION’

Sri Lanka, who will host the match which generates multi-millions of dollars in advertising, broadcast rights, sponsorship and tourism, also hailed the decision.

Sri Lankan President Anura Kumara Dissanayake thanked Pakistan’s Prime Minister Shehbaz Sharif for “ensuring the game we all love goes on.”

“Delighted that the eagerly awaited India and Pakistan match at the ongoing T20 Cricket World Cup in Colombo will proceed as planned,” Dissanayake said in a social media post.

Veteran Indian journalist Pradeep Magazine told AFP “good sense has prevailed on all sides.”

Financial considerations would have been taken into account, he added.

“India-Pakistan is not just about cricket revenue — it also means wider commercial revenue,” he said.

“Everyone realized that losing the revenue from an India-Pakistan match would have been a loss-loss situation for all ICC member nations.”

Bitter political rivals Pakistan and India have not played bilateral cricket for more than a decade and meet only at global or regional tournament events, and only on neutral territory.

The 20-team tournament had been overshadowed by an acrimonious political build-up.

Bangladesh, who refused to play in India citing security concerns, were replaced by Scotland.

As a protest, the Pakistan government ordered the team not to face co-hosts India in the Group A fixture.

Pakistan, who edged out Netherlands in the tournament opener on Saturday, would have conceded two points if they had forfeited the match, which could have put their chances of progressing in the tournament in jeopardy.

They play the USA in their second group match in Colombo later Tuesday.

India captain Suryakumar Yadav said on Friday that his team would travel to Colombo for the clash, whether the game was on or not.

“We haven’t said no to playing them,” Suryakumar said. “Our flights are booked and we are going to Colombo.”