The International Monetary Fund’s (IMF) Executive Board has approved the last tranche of $1.1 billion for Pakistan under the $3 billion Stand-By Arrangement (SBA).
“The Executive Board of the International Monetary Fund (IMF) completed the second and final review of Pakistan’s economic reform program supported by the IMF’s Stand-By Arrangement (SBA),” the international lender said in an official statement issued on its website on Monday.
“The Board’s decision allows for an immediate disbursement of SDR 828 million (around $1.1 billion), bringing total disbursements under the arrangement to SDR 2.250 billion (about $3 billion).”
“Pakistan’s determined policy efforts under the 2023 Stand‑By Arrangement (SBA) have brought progress in restoring economic stability. Moderate growth has returned; external pressures have eased; and while still elevated, inflation has begun to decline. Given the significant challenges ahead, Pakistan should capitalize on this hard‑won stability, persevering—beyond the current arrangement—with sound macroeconomic policies and structural reforms to create stronger, inclusive, and sustainable growth. Continued external support will also be critical,” said Antoinette Sayeh, Deputy Managing Director and Chair.
Islamabad : Kaspersky experts have uncovered a new phishing scam targeting businesses that promote their…
Lahore – 26 December 2024: As the fastest-growing smartphone brand in the world, realme has…
Prime Minister Muhammad Shehbaz Sharif on Wednesday said the country’s fundamental agenda of development and…
Survivors and families of victims of the Indian Ocean tsunami 20 years ago visited mass…
The military court has sentenced 60 more individuals, including Hassan Khan Niazi, the nephew…
One time, I was sitting with a few senior bureaucrats, and they were continuously blaming…
Leave a Comment