The central bank Tuesday “successfully” paid the 10th instalment under the IMF’s Stand-By Arrangement (SBA) facility amounting to SDR 258.4million equivalent to $391.8 million, said the SBP chief spokesman Syed Wasimuddin. The spokesman said with the repayment of current instalment, Pakistan to-date has repaid to IMF SDR 2.110 billion which is equivalent to $ 3.232 billion since July last year. Wasimuddin said next instalment under the SBA facility would be due at the end of May this year, amounting to SDR 258.4million. “After the current repayment, remaining amount due under IMF/SBA until Sep-2015 is SDR 3.239 billion,” the SBP spokesman said. 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.
