Pakistan repays $145.7 million to IMF

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Pakistan on Monday paid $145.7 million to the International Monetary Fund (IMF) as the ninth repayment installment against the loan obtained under the standby arrangement.

According to the State Bank of Pakistan, additional repayment of $400 million to the IMF is due on February 26.

It said Pakistan will have to repay $1.6 billion to the IMF by June 2013.

Pakistan had obtained $7.8 billion from the IMF in 2008.

Since the repayments started earlier this year, rupee has been under consistent pressure losing considerable value against the dollar in the inter-bank and open currency markets.

6 COMMENTS

  1. Why not Pakistan Gov't seek help from its ally MQM and its British national chief Mr. Altaf Hussain, who is a famous extortionest, to collect in US Dollars besides rupees and deposit with Mr. Zardari to enable Pak gov't to pay back IMF. The State bank reserves will be saved thru this way.

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