IMF board to weigh $1.2 billion Pakistan tranche on 8 May

What is scheduled

The Executive Board of the International Monetary Fund (IMF) is set to meet on Friday 8 May 2026 to consider releasing a $1.2 billion tranche for Pakistan, according to a report published by ProPakistani on 26 April. The disbursement is split between the $7 billion Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF): around $1 billion relates to the EFF after completion of its third review, while approximately $210 million is tied to climate-focused reforms under the RSF.

The IMF had already reached a staff-level agreement in late March for the board decision. Since then, discussions have continued on fiscal adjustments, particularly around fuel pricing and petroleum levy targets.

Why it matters

If the board approves the tranche, total IMF disbursements under the two programmes would rise to about $4.5 billion. That would keep Pakistan’s programme with the lender on track while the government manages the knock-on costs of higher global energy prices, which have already fed into domestic fuel prices and levies.

The report notes that Pakistan has already collected more than Rs. 1.2 trillion in petroleum levies in the first nine months of the fiscal year. The government is still considering further adjustments, including possible changes to petrol and diesel levies, as it seeks to satisfy the lender. The Fund has consistently pushed for reduced fuel subsidies and stronger fiscal discipline, making the levy question central to the board’s calculus.

What is still uncertain

The exact fiscal measures that will accompany the board meeting were not settled as of 26 April. The report says the government is still weighing adjustments to petrol and diesel levies, and the size and timing of any further changes will depend on the ongoing discussions with the Fund. The board meeting on 8 May is the next scheduled decision point.

Sources & reporting notes

This is a synthesis of published material, not eyewitness reporting. Sources were reviewed on 2026-04-26.

1. Primary source — ProPakistani: "IMF Board Approval to Deposit $1.2 Billion At SBP Expected on 8 May"26 April 2026 · Report on the 8 May board meeting, the split between the EFF and RSF portions, the late-March staff-level agreement, petroleum levy collections, and the government's remaining fiscal adjustments.