SBP receive $1.023 billion second tranche from IMF

SBP receive $1.023 billion second tranche from IMF
Source: File Photo

Karachi (Web Desk): The State Bank of Pakistan (SBP) on Wednesday received the second tranche of $ 1.023 billion (SDR 760 million) from International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program.

According to the SBP official X handle, the amount will be reflected in SBP’s foreign exchange reserves for the week ending on May 16, 2025.

“SBP has received the second tranche of SDR 760 million (US$ 1,023 million) from the IMF under the EFF program. The amount will be reflected in SBP’s foreign exchange reserves for the week ending on 16th May 2025”, the bank tweeted.