ISLAMABAD: The State Bank of Pakistan (SBP) has received a $1.2 billion installment from the International Monetary Fund (IMF).
Sources confirmed that the funds have been transferred to the SBP account. The IMF had approved the disbursement for Pakistan on 8 December.
The amount represents the third tranche under the current IMF loan program. In addition, the IMF has released an extra $20 million for Pakistan to support climate change-related initiatives.