$109m paid to IMF

Published April 2, 2014
- File Photo
- File Photo

KARACHI: Pakistan on Tuesday paid 30th installment amounting SDR71 million equivalent to US$109 million to the International Monetary Fund (IMF) under its standby arrangement (SBA) facility.

State Bank spokesperson said a total of SDR4.591 billion ($7.010bn) has so far been repaid to the IMF since July 2011. Of this amount $6.066bn was under the SBA facility, the spokesperson added.

The country has to pay remaining SDR958 million until Sept 2015 due under the SBA facility.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

May 9 fallout
Updated 09 May, 2024

May 9 fallout

It is important that this chapter be closed satisfactorily so that the nation can move forward.
A fresh approach?
09 May, 2024

A fresh approach?

SUCCESSIVE governments have tried to address the problems of Balochistan — particularly the province’s ...
Visa fraud
09 May, 2024

Visa fraud

THE FIA has a new task at hand: cracking down on fraudulent work visas. This was prompted by the discovery of a...
Narcotic darkness
08 May, 2024

Narcotic darkness

WE have plenty of smoke with fire. Citizens, particularly parents, caught in Pakistan’s grave drug problem are on...
Saudi delegation
08 May, 2024

Saudi delegation

PLANS to bring Saudi investment to Pakistan have clearly been put on the fast track. Over the past month, Prime...
Reserved seats
Updated 08 May, 2024

Reserved seats

The truth is that the entire process — from polls, announcement of results, formation of assemblies and elections to the Senate — has been mishandled.