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Monday, December 23, 2024

Home Business Pakistan receives $1.1 billion from IMF under SBA

Pakistan receives $1.1 billion from IMF under SBA

by Staff Report
April 30, 2024
in Business, Top News

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KARACHI – The State Bank of Pakistan (SBP) has received SDR 828 million (around $1.1 billion) from the International Monetary Fund (IMF). The amount shall be reflected in SBP’s foreign exchange reserves for the week ending on May 03, 2024.

The IMF Executive Board completed the second review under the Stand-by Arrangement (SBA) in its meeting on April 29, 2024 and approved disbursement of SDR 828 million for Pakistan.