KARACHI: Pakistan has received $1.053 billion tranche of its three-year, $6 billion International Monetary Fund (IMF) loan, the central bank said on Friday.
“Following the successful completion of the 6th review of the IMF programme, the SBP has received the next tranche of $1.053 billion,” said the SBP in its official twitter handle. The IMF executive board completed its sixth review for Pakistan under the Extended Fund Facility (EFF) on Wednesday and approved the loan disbursement to the country. Now, the total disbursement by the IMF under the EFF programme has amounted to $3 billion to Pakistan and provided much needed support to the foreign exchange reserves.
This week the country got $1 billion sukuk proceeds and with the latest $1 billion disbursement from the IMF, the country’s foreign currency reserves have jumped to $24 billion, while the reserves held by the State Bank of Pakistan crossed $17 billion.
It is the highest number of joint investigation teams ever formed to probe any incidents in the province
Searches for sexually explicit keywords lead to accounts that use these terms to advertise sexual abuse of minors
The bench could not proceed due to the non-availability of one of the bench members, court staff said
ISLAMABAD: For the first time, China, together with Pakistan and Iran, has decided to find ways and means to counter...
ISLAMABAD: The outstanding stock of guarantees in the country remained at Rs3.460 trillion at the end of March 2023,...
ISLAMABAD: A quick survey of 15 flood-affected districts has indicated that nearly one-third of children between 6 to...