Pakistan has received the second tranche under the ongoing loan programme from the International Monetary Fund (IMF).
According to the sources, the IMF has transferred $1 billion to the State Bank of Pakistan (SBP) as part of the current agreement.
The inflow will be reflected in the central bank’s foreign exchange reserves on May 16.
The disbursement follows the IMF Executive Board’s approval of the loan tranche on May 9, marking a critical step in Pakistan’s efforts to stabilize its economy and reinforce fiscal and external buffers.
“The IMF Executive Board completed the first review under the Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw the equivalent of about $1 billion,” the IMF said in a statement.
