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Pakistan Pays SDR 1.90 Billion in IMF Interest Payments; Cumulative IMF Assistance Reaches SDR 17.45 Billion

Pakistan has paid a total of SDR 1.90 billion — equivalent to USD 2.69 billion — in interest and additional charges under various International Monetary Fund (IMF) programs, according to official data. The payments include SDR 401.24 million in additional charges accrued between 2008 and June 2025.

Sources revealed that over the past 17 years, Pakistan has received a cumulative SDR 17.45 billion under multiple IMF facilities.

  • Under the 2008–2010 Stand-By Arrangement, Pakistan received SDR 4.94 billion.
  • The 2010 Emergency Natural Disaster Assistance provided SDR 297 million.
  • The 2013 Extended Fund Facility (EFF) disbursed SDR 4.39 billion, followed by an additional SDR 3.04 billion under the same program.
  • The 2020 Rapid Financing Instrument Loan contributed SDR 1.02 billion, while the 2023 Stand-By Arrangement provided SDR 2.25 billion.
  • Under the 2024 EFF, Pakistan received SDR 1.52 billion, and another SDR 1.52 billion was disbursed under the 2008 Stand-By Arrangement.

In terms of payments, the government has made the following interest disbursements across IMF programs:

  • SDR 257.5 million (2009–2015) under general IMF facilities.
  • SDR 14.5 million (2010–2015) under the Emergency Natural Disaster Assistance.
  • SDR 543.6 million (2013–2025) under the EFF 2013.
  • SDR 411.4 million (2019–2025) under the EFF 2019.
  • SDR 110.1 million (2020–2025) for the Rapid Financing Instrument Loan.
  • SDR 142.23 million (2023–2025) under the Stand-By Arrangement 2023.
  • SDR 17.6 million (2024–2025) under the EFF 2024.

The highest annual interest payment occurred in 2025, totaling SDR 376 million, followed by SDR 325.79 million in 2023 and SDR 142.6 million in 2022. The lowest payment was made in 2014 at SDR 24 million, the only year in which Pakistan incurred no additional charges. In 2015, the government paid SDR 27.6 million in interest.

On October 15, the IMF mission and the Government of Pakistan reached a staff-level agreement under the 37-month Extended Fund Facility (EFF) — its second review — and the 28-month Resilience and Sustainability Facility (RSF) — its first review.

The agreement awaits IMF Executive Board approval, after which Pakistan will gain access to approximately USD 1.0 billion (SDR 760 million) under the EFF and an additional USD 200 million (SDR 154 million) under the RSF, bringing the total available disbursements to around USD 3.3 billion across both arrangements.

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