IMF releases second tranche of $454m
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KARACHI: The government on Thursday received second tranche of $454 million from the International Monetary Fund (IMF).
The transfer will be added to the State Bank’s foreign exchange reserves next week.
However, during the week ending Dec 20, the SBP’s reserves increased by $14m to $10.907 billion. On the other hand, reserves held by the commercial banks decreased by $74.7m bringing the country’s total reserves down to $17.595bn.
Published in Dawn, December 27th, 2019
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Comments (7) Closed
Dec 27, 2019 08:17am
Shame on those who kept borrowing and stealing for decades without any planning to return.
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Dec 27, 2019 08:30am
@Fastrack, Check how much your beloved party borrowed in last 1.5 years. Let me give you major numbers 3bn (SA), 3bn(UAE), 6bn(IMF), 2bn(ADB), 1.5bn(World Bank), 2 bn(China) and many more small loans. Just imagine how much this incompetent govt will borrow by the end of its term.
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Dec 27, 2019 08:57am
@Fastrack, what is being done now?
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Dec 27, 2019 10:25am
Good for you.
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Dec 27, 2019 11:24am
Party time in Pakistan!
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Dec 27, 2019 11:31am
Congratulations.
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Dec 27, 2019 08:14pm
Great Show.
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