SBP Receives $1.1 Billion from IMF

Ali Gulrez April 30, 2024

Less than a minute

The State Bank of Pakistan (SBP) has received SDR 828 billion, which is around $1.1 billion from the International Monetary Fund (IMF).

The IMF Executive Board completed the second review under the Stand-by Arrangement (SBA) in its meeting on April 29, 2024, and approved the disbursement of SDR 828 million for Pakistan.

Accordingly, SBP has received SDR 828 million (around US$ 1.1 billion) in value as of April 29, 2024, in its account from IMF.

The amount shall be reflected in SBP’s foreign exchange reserves for the week ending May 3, 2024.

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Ali Gulrez April 30, 2024

Less than a minute

Ali Gulrez

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