Pakistan's central bank has received $700 million as second tranche from the IMF under an existing USD 3 billion bailout package, the 24NewsHD TV channel reported on Wednesday.
According to the Governor of Pakistan State Bank , after the recent installment, Pakistan has received a total sum of $1.9 billion from the global lender under the approved package.
After the final economic review, Pakistan will get another $1.1 billion from the IMF, the governor added.
Earlier A mission from the Washington-based global lender reviewed the country's economic performance during the first three months of the fiscal year, from July to September 2023.
The completion of the review allows for an immediate disbursement of USD 700 million in Special Drawing Rights (SDR), bringing the total disbursements under the Stand-By Arrangement (SBA) to USD 1.9 billion.
Reporter: Waqas Azeem