Pakistan receives final installment of $1.1bn from IMF: SBP

Gold price in Pakistan on April 29 down by Rs500 to Rs243,900/tolaKARACHI: Pakistan received the eagerly awaited final installment of $1.1 billion from the International Monetary Fund on Tuesday, marking the completion of the $3 billion standby arrangement, as confirmed by the State Bank of Pakistan .

The central bank stated that this disbursement would be reflected in its reserves for the week ending on May 3, 2024. The IMF acknowledged the Pakistani authorities’ stronger policy efforts under the SBA, which have contributed to stabilizing the economy and achieving modest growth. However, the IMF emphasized that for Pakistan to transition from stabilization to a robust and sustainable recovery, the authorities must maintain their policy and reform efforts, including strict adherence to fiscal targets.

These developments follow Prime Minister Shehbaz Sharif’s meeting with IMF Managing Director Kristalina Georgieva, during which he reiterated his government’s commitment to revitalize Pakistan’s economy.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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