Pakistan gets $107m IMF tranche

Published April 12, 2002

KARACHI, April 11: Pakistan has received $107.8 million second tranche out of the $1.3 billion IMF-backed poverty reduction and growth facility.

A spokesman for the State Bank said here on on Thursday that the amount was credited into SBP account on Wednesday.

He said that with the inflow of $107.8 million, total foreign exchange reserves have risen to $5.252 billion. Of this $3.490 billion is held by the State Bank and about $1.762 billion by the banks.

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