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Tag: Stand-By Agreement

Pakistan receives first installment of $1.2bn from IMF: Dar – SUCH TV

Posted on July 13, 2023 By Admin No Comments on Pakistan receives first installment of $1.2bn from IMF: Dar – SUCH TV
Pakistan receives first installment of $1.2bn from IMF: Dar – SUCH TV

The International Monetary Fund (IMF) on Thursday transferred US$1.2 billion to State Bank of Pakistan (SBP) out of total $3 billion under the Stand-By Agreement (SBA) that was approved by the IMF board the previous day. Talking to media persons, Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said that the balance amount…

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