Pakistan pays $396m tranche to IMF

Pakistan still owes IMF, SBA $2.278 billion.

ISLAMABAD: The State Bank of Pakistan (SBP) announced on Tuesday that the country had successfully paid its 24th installment under IMF, SBA facility amounting to US $396 million.

A SBP spokesperson in a statement said that with repayment of current installment, Pakistan to-date has repaid to IMF USD $6.045 billion since July 2011, of which US$5.256 billion was under SBA facility.

After the current repayment, Pakistan owes the IMF, SBA $2.278 billion, the SBP spokesperson added.