DAWN.COM

Today's Paper | November 06, 2024

Published 25 Dec, 2013 07:12am

Pakistan receives $553m from IMF

KARACHI: Pakistan on Tuesday received second tranche of $553.5 million from the International Monetary Fund, announced the State Bank of Pakistan.

Under the Extended Fund Facility (EFF), the IMF approved a total $6.64 billion for Pakistan and first installment of $544.5 million was released in September.

The country is in dire need to improve its foreign exchange reserves which melted to just $3.46bn till last week. However with this fresh inflow the reserves have risen to over $4bn now.—Staff Reporter

Read Comments

Govt rushes bills in NA, Senate on strength of Supreme Court judges, 5-year term of armed forces' chiefs Next Story