Pakistan receives second tranche under extended fund facility from IMF, cenbank says

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C.
FILE PHOTO: A view of the International Monetary Fund logo at its headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier/File Photo
Source: REUTERS

Pakistan has received the second tranche of special drawing rights worth 760 million ($1,023 million) from the International Monetary Fund under the extended fund facility programme, the country's central bank said in a post on X on Wednesday.

The amount will be reflected in its foreign exchange reserves for the week ending May 16, the State Bank of Pakistan said.

This article was produced by Reuters news agency. It has not been edited by Global South World.

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