The State Bank of Pakistan (SBP) reported a minor decline of $7 million in its foreign exchange reserves for the week ending May 30, 2025. This brought the SBP’s total reserves to $11.51 billion, according to data released on Thursday. The small dip reflects ongoing challenges in managing foreign currency amid repayments and imports. Despite […]
Extended Fund Facility (EFF)
NA passes captive power gas levy bill under IMF conditions
In a swift move just days before unveiling the federal budget, Pakistan’s National Assembly passed a controversial IMF-driven mini-budget on Thursday — the Captive Power Plants (Off-Grid) Levy Bill 2025 — without any debate and through a supplementary agenda. The bill aims to give legal cover to a previously imposed grid levy on industrial units […]
IMF recommends $1bn climate support for Pakistan after reform success
ISLAMABAD, May 20, 2025 — The International Monetary Fund (IMF) has acknowledged Pakistan’s strong reform efforts under its Extended Fund Facility (EFF), noting that the country has met all key performance benchmarks as of December 2024. In its latest program review, the IMF highlighted “timely and strong implementation” of economic policies that are helping restore […]