Karachi April 30 2024: State Bank of Pakistan has received an amount of US$ 1.1 billion from IMF today after the IMF Executive Board completed the second review.
IMF Executive Board completed the second review under the Stand-by Arrangement (SBA) in its meeting on 29Apr2024 and approved disbursement of SDR 828 million for Pakistan.
Accordingly, SBP has received SDR 828 million (around US$ 1.1 billion) in value 29 Apr 2024 in its account from IMF. The amount shall be reflected in SBP’s foreign exchange reserves for the week ending on 3rd May 2024.
