SBA final tranche: SBP says it has received $1.1bn from IMF - Markets
- Amount will reflect in central bank's foreign exchange reserves for week ending on May 3
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- Amount will reflect in central bank's foreign exchange reserves for week ending on May 3
ISLAMABAD: The disbursement of US$1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday (Apr 30), amid discussions for a new loan programme. The funding was the second and final tranche of Pakistan's US
This is the third and last tranche of a $3 billion SBA with the IMF
In his address, the leader sharply criticised India's aspirations of becoming a superpower while Pakistan grapples with financial challenges, questioning the responsible parties behind the nation's economic woes. This statement comes as the International Monetary Fund approved the second and last tranche of the $3 billion standby agreement.
The amount shall be reflected in central bank’s foreign exchange reserves for week ending on May 3, says statement