IMF releases second tranche of $454m

Updated December 27, 2019

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The government on Thursday received second tranche of $454 million from the International Monetary Fund (IMF). — Reuters/File
The government on Thursday received second tranche of $454 million from the International Monetary Fund (IMF). — Reuters/File

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