The State Bank of Pakistan (SBP) Monday said it has received $1.05 billion under the International Monetary Fund’s (IMF) three-year Extended Fund Facility (EFF).
The fresh receipts have been transferred by the Fund after its Executive Board concluded its fourth and fifth review of Pakistan’s economic performance last week under the EFF.
In a statement, the central bank said the conclusion of the review enabled the release of an amount equivalent to SDR 720 million or $1.05 billion.
This payment brought the total disbursements under the arrangement to SDR 2.2 billion or $3.2 billion, said the State Bank.
