Pakistan, May 1 -- The State Bank of Pakistan (SBP) Tuesday received SDR 828 million - around US$ 1.1 billion - from the International Monitory Fund (IMF).
IMF Executive Board completed the second review under the Stand-by Arrangement (SBA) in its meeting on 29 Apr 2024 and approved a disbursement of SDR 828 million for Pakistan.
Accordingly, SBP has received SDR 828 million (around US$ 1.1 billion) in value on 29 Apr 2024 in its account from IMF.
The amount shall be reflected in SBP's foreign exchange reserves for the week ending on 3rd May 2024.
Published by HT Digital Content Services with permission from Daily Times....