Karachi: Pakistan is likely to receive a $1.17 billion loan tranche from the International Monetary Fund (IMF) within six days after the Executive Board’s approval, State Bank of Pakistan Acting Governor Murtaza Syed stated. The executive board of the Washington-based lender is scheduled to meet on August 29. The acting governor said that the country’s forex reserves would shore up to $16 billion by the end of the current fiscal year 2022-23.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Dozens killed in Israeli strikes on refugee camps in central Gaza

At least 30 people were killed in Israeli air strikes on refugee…

US claims to have hit ‘Iranian targets’ in Syria

The US military has carried out strikes against two facilities in eastern…

Türkiye to open two border gates with Syria for quake aid delivery

Türkiye has offered to open two border crossings with Syria for the…

India’s Congress fires five state chiefs after poll drubbing

New Delhi: It emerged on Tuesday that India’s opposition Congress party fired…