First loan tranche of $1.03bn lands in coffers

First loan tranche of $1.03bn lands in coffers

The State Bank of Pakistan (SBP) has received the first tranche of Special Drawing Rights (SDR) 760 million, equivalent to $1.03 billion, from the International Monetary Fund (IMF) under the 37-month Extended Fund Facility. This disbursement follows the IMF Executive Board’s approval of a $7 billion programme aimed at stabilising Pakistan’s economy. The SBP confirmed […]

Read the full story at the Daily Times website.