Pakistan receives $700m tranche from IMF as UAE rolls over $2b loan
Pakistan on Thursday received $700 million from the International Monetary Fund (IMF) as part of its bailout programme, the State Bank of Pakistan (SBP) confirmed in a statement.
According to SBP, it received Special Drawing Rights (SDR) 528 million —equivalent to $705.6 million in value —from the IMF following the successful completion of the first review by the global lender’s executive board under the Stand-By Arrangement (SBA).
