Morning News: Pakistan receives second IMF tranche of $1.02b: SBP - By Vector Research
- Morning News
- Pakistan has received a second tranche of $1.023 billion, equivalent to 760 million in Special Drawing Rights (SDR), from the International Monetary Fund (IMF) under its Extended Fund Facility (EFF), the State Bank of Pakistan (SBP) announced on Wednesday. According to the central bank, the inflow will be reflected in the country’s foreign exchange reserves for the week ending May 16. With the latest transfer, total disbursements under the programme now stand at approximately $2.1 billion (SDR 1.52 billion).
- As virtual technical-level discussions on the upcoming federal budget begin, the International Monetary Fund (IMF) expects Pakistan’...
