Pakistan receives $1.13 billion from IMF
Pakistan has received fresh installment of $1.13 billion from International Monetary Fund (IMF).
ISLAMABAD:
The spokesman of State Bank of Pakistan Syed Waseemuddin said that Pakistan had received fresh installment of $1.13 billion from International Monetary Fund (IMF).
Talking to a private news channel, he said the installment has been paid as fifth tranche of standby program. IMF has so far released $7.27 billion out of total amount of $11.3 billion.
Analysts said Pakistan's foreign exchange reserves would exceed from $16 billion after receiving the installment, which will be sufficient for import bill for seven months
The spokesman of State Bank of Pakistan Syed Waseemuddin said that Pakistan had received fresh installment of $1.13 billion from International Monetary Fund (IMF).
Talking to a private news channel, he said the installment has been paid as fifth tranche of standby program. IMF has so far released $7.27 billion out of total amount of $11.3 billion.
Analysts said Pakistan's foreign exchange reserves would exceed from $16 billion after receiving the installment, which will be sufficient for import bill for seven months