Pakistan Receives Fresh Tranche Of $ 498.7m From IMF

(@fidahassanain)

Pakistan receives fresh tranche of $ 498.7m from IMF

The State Bank of Pakistan says it has received IMF tranche of $498.7 million dollars under the Extended Fund Facility.

LAHORE: (UrduPoint/Pakistan Point News-March 31st, 2021) Pakistan on Wednesday received the fresh tranche of 498.7 million Dollars from International Monetary Fund.

According to State Bank of Pakistan, the Bank has received IMF tranche of 498.7 million dollars under the Extended Fund Facility.

Earlier on March 25, the International Monetary Fund approved 500 million dollars disbursement for Pakistan under the Extended Fund Facility, bringing the total budget support under the arrangement to about 2 billion dollars.

Fida Hussnain

Fida Hussnain is a lahore based journalist. He writes on politics, religion, social issues and climate change. He is also a research fellow at University of Gujrat.