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.
