The State Bank of Pakistan (SBP) Tuesday received SDR 828 million — around US$ 1.1 billion — from the International Monitory Fund (IMF).
IMF Executive Board completed the second review under the Stand-by Arrangement (SBA) in its meeting on 29 Apr 2024 and approved a disbursement of SDR 828 million for Pakistan.
Accordingly, SBP has received SDR 828 million (around US$ 1.1 billion) in value on 29 Apr 2024 in its account from IMF.
The amount shall be reflected in SBP’s foreign exchange reserves for the week ending on 3rd May 2024.
