SBP receives IMF tranche

Published July 25, 2002

KARACHI, July 24: The State Bank has received $115.3 million third tranche of the $1.3 billion IMF-backed PRGF.

The IMF board of directors had cleared the release of the third PRGF tranche earlier this month. Chief spokesman for the State Bank Syed Wasimuddin told Dawn that the amount had been credited into the SBP account on Tuesday.

He said after the inflow of this amount, gross liquid foreign exchange reserves of Pakistan rose to $6.9 billion on Wednesday.

Opinion

Editorial

First steps
Updated 29 May, 2024

First steps

One hopes that this small change will pave the way for bigger things.
Rafah inferno
29 May, 2024

Rafah inferno

THE level of barbarity witnessed in Sunday’s Israeli air strike targeting a refugee camp in Rafah is shocking even...
On a whim
29 May, 2024

On a whim

THE sudden declaration of May 28 as a public holiday to observe Youm-i-Takbeer — the anniversary of Pakistan’s...
Afghan puzzle
Updated 28 May, 2024

Afghan puzzle

Unless these elements are neutralised, it will not be possible to have the upper hand over terrorist groups.
Attacking minorities
28 May, 2024

Attacking minorities

Mobs turn into executioners due to the authorities’ helplessness before these elements.
Persistent scourge
Updated 29 May, 2024

Persistent scourge

THE challenge of polio in Pakistan has reached a new nadir, drawing grave concerns from the Technical Advisory Group...