How Much IMF Money Pakistan Has Received: $4.53 Billion So Far, $2.79 Billion Left

Pakistan had drawn about $4.53 billion from its current IMF programmes by 30 September 2026. That is SDR 3.35 billion out of SDR 6.32 billion approved, according to the IMF's own table of Pakistan's arrangements, which we read on 10 October.

The IMF lends in SDRs, its own unit of account. We turned every figure into dollars at the IMF's rate for 9 October 2026, when one SDR was worth $1.35326. So the dollar numbers below move a little each day, but the SDR numbers do not.

If the IMF Board approves the fourth review agreed on 7 October, the total drawn rises to about $5.77 billion, and roughly $2.79 billion is left for the last year of the programme.

Pakistan has drawn $4.53 billion of the two IMF programmes so far

By 30 September 2026 Pakistan had drawn SDR 3.04 billion from the Extended Fund Facility and SDR 307.6 million from the Resilience and Sustainability Facility. Together that is about $4.53 billion at the 9 October exchange rate.

The two programmes do different jobs. The Extended Fund Facility, or EFF, is the main loan that supports the budget and the reserves. The Resilience and Sustainability Facility, or RSF, is a smaller, cheaper loan tied to climate reforms. Both are paid out only after the IMF Board signs off each review.

The EFF is often called the "$7 billion programme". That was its dollar value when it was approved in 2024. The SDR has gained against the dollar since, so the same SDR amount is now worth about $7.2 billion.

The fourth review would add about $1.24 billion

The staff-level agreement of 7 October covers about $1.2 billion. Reported IMF figures put it at SDR 760 million from the EFF and SDR 154 million from the RSF, about $1.24 billion at today's rate. It arrives only after the Board votes.

We covered the deal itself when the IMF and Pakistan agreed on the $1.2 billion tranche. No Board date had been published when we checked. In spring 2026, reported IMF dates put that gap at about six weeks.

After that payment, the drawn total would reach SDR 4.26 billion, or about $5.77 billion. The IMF statement put the cumulative figure at about $5.7 billion, which matches.

About $2.79 billion would be left after the fourth review

Once the fourth review is paid, SDR 1.52 billion of the EFF and SDR 538.4 million of the RSF remain. That is about $2.06 billion and $0.73 billion, roughly $2.79 billion in all, for reviews still to come before the programme ends.

The IMF table lists 24 October 2027 as the expiry date for both arrangements. The money drawn so far is exactly four payments of SDR 760 million from the EFF. If the pattern holds, the rest would come as two more payments of the same size. That is our arithmetic, not an IMF schedule.

None of this is automatic. Each review checks targets on the budget, tax collection, energy prices and the State Bank's reserves. Measures like the flexible petroleum levy Pakistan asked the IMF for are part of those talks.

The last programme left a third of its money undrawn

Pakistan does not always draw everything it is promised. The 2019 EFF approved SDR 4.99 billion, and Pakistan drew SDR 3.04 billion before it expired on 30 June 2023, leaving almost SDR 1.95 billion unused.

That history is why each review matters. A missed or delayed review does not just delay one payment. It can end the programme early, and with it the signal to other lenders.

The current figure is not a warning sign by itself. The programme still has a year to run.

You can check the IMF numbers yourself in 4 steps

The IMF publishes Pakistan's loans on a free page called Financial Position in the Fund. It is updated at the end of each month and shows what was approved, drawn and still owed. Here is how to read it:

1. Open the IMF's Pakistan page and choose "Financial Position in the Fund".
2. Scroll to "Latest Financial Commitments" for the EFF and RSF lines.
3. Read "Amount Approved" and "Amount Drawn", both in SDR millions.
4. Multiply by the day's SDR rate on the IMF's SDR valuation page to get dollars.

The same page shows how much Pakistan must repay the IMF each year, which is a different number from what it draws. We explain that side in Pakistan's IMF repayment schedule to 2030. For a wider view of the economy, the State Bank's weekly reserves figure shows where the money ends up.

Common questions

How much IMF money has Pakistan received under the current programme?

About $4.53 billion by 30 September 2026: SDR 3.04 billion from the EFF and SDR 307.6 million from the RSF.

How much is left in Pakistan's IMF programme?

About $4.02 billion before the fourth review is paid, and about $2.79 billion after it, at the 9 October 2026 SDR rate.

When does Pakistan's IMF programme end?

The IMF's table lists 24 October 2027 as the expiry date for both the EFF and the RSF.

Why do IMF figures change in dollars?

The IMF lends in SDRs, a basket of five currencies. The dollar value of an SDR moves every day, so the same loan is worth slightly more or less in dollars.

When will Pakistan get the $1.2 billion?

After the IMF Executive Board approves the fourth review. No Board date had been announced on 10 October 2026.

How we verified this

What we checked, where we read it, and what we could not confirm.

Last checked 10 October 2026, about 6:00 am PKT. We read the IMF's table of Pakistan's IMF arrangements, its Pakistan Financial Position in the Fund page as of 30 September 2026, and the IMF's SDR valuation for 9 October 2026. The fourth review amounts in SDR are reported figures from the IMF statement of 7 October, which we could not open directly. All dollar conversions are our own.