State Bank of Pakistan received this amount after the Executive Board of the International Monetary Fund (IMF) approved the release of the last tranche of $1.10 billion for Pakistan under the Standby Arrangement (SBA). Is. After the recovery of this amount, the standby arrangement agreement was completed between the two parties.
The IMF Executive Board meeting regarding Pakistan was held in Washington, in which the immediate release of one billion 100 million dollars to Pakistan was approved.
According to sources, the IMF approved the last installment under the standby arrangement.
IMF may issue tranche later this month, no Plan B, Finance Minister
After the approval of this amount, the standby arrangement agreement of 3 billion dollars between Pakistan and IMF was completed.
Pakistan was supposed to get $3 billion under the Standby Arrangement Agreement, but Pakistan has already received $1.9 billion from the IMF.