India, May 14 -- Pakistan has received $1.3 billion from the International Monetary Fund under two separate ongoing financing arrangements, the central bank said on Wednesday.

Funding was secured on Tuesday through separate International Monetary Fund (IMF) programmes, split between the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), aiming to stabilise Pakistan's external payments and help it fight climate-related hazards.

According to the State Bank of Pakistan (SBP), the IMF had approved the disbursement of USD 1.1bn under the EFF and around $ 220 million under the RSF. This is the part of the fund agreed in September 2024 to provide $7 billion over a period of 37 months under EFF, while it decided ...