Pakistan Today

Pakistan repays $145.7 million to IMF

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.

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