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Pakistan receives second IMF tranche of $1 billion
short by Neeraja Nath / on Wednesday, 14 May, 2025
Pakistan received the second tranche of special drawing rights worth $1.02 billion from IMF under extended fund facility programme, State Bank of Pakistan said. The amount will be reflected in its foreign exchange reserves for the week ending May 16, it added. Last week, IMF approved two bailout packages worth a total of $2.4 billion for Pakistan, ignoring India's objection.
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