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IMF issues third loan tranche of nearly $500m to Pakistan

WDWeb DeskPublished 1 min read
tranche

Pakistan Received the third tranche of around $500 million from the International Monetary Fund's (IMF) loan program, a week after the approval of four pending reviews of Pakistan's economy.

While taking it to twitter Pakistan's central bank said "SBP has received an IMF tranche of US$ 498.7 million under the Extended Fund Facility." 

https://twitter.com/StateBank_Pak/status/1376963026151206915?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1376963026151206915%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Ftribune.com.pk%2Fstory%2F2292332%2Fpakistan-receives-third-imf-tranche-of-nearly-500m

The loan tranche was received after resuming a $6 billion loan program a couple of weeks ago by Islamabad. The program was on hold since the Covid-19 outbreak in the country in February 2020.

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