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IMF releases $700m loan tranche for Pakistan
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The seal for the International Monetary Fund is seen in Washington, US, on January 10, 2022. — AFP In a significant development for Pakistan’s struggling economy, the International Monetary Fund (IMF) has disbursed $700 million as part of the previously…
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Pakistan receives $700m tranche from IMF | The Express Tribune
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Pakistan on Thursday received $700 million from the International Monetary Fund (IMF) as part of its bailout programme, the State Bank of Pakistan (SBP) confirmed in a statement. According to SBP, it received Special Drawing Rights (SDR) 528 million —equivalent…
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IMF board approves much-needed $700m loan for Pakistan
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IMF’s logo on a building’s door. — AFP/File In an encouraging move, the International Monetary Fund’s (IMF) Executive Board on Thursday approved a $700 million loan tranche for Pakistan. The loan was released after the board completed its first review…
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Pakistan wins initial IMF approval to unlock $700m tranche under SBA
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International Monetary Fund (IMF) building in Washington DC. — AFP/File In a positive development, Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review under a Stand-By Arrangement (SBA), subject to approval by the…
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Pakistan set to receive $700m from IMF after bailout review | The Express Tribune
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ISLAMABAD: The International Monetary Fund (IMF) on Wednesday announced a staff-level agreement with Pakistan on the completion of the first review of the $3 billion bailout package after Islamabad assured it of refraining from intervening in the currency market and…
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Cash-strapped Pakistan gets $700m from Chinese bank | The Express Tribune
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Finance Minister Ishaq Dar on Friday said that the State Bank of Pakistan (SBP) has received $700 million from the China Development Bank (CDB) in a much-needed boost to forex reserves as the country grapples with a worsening economic crisis. The…
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Chinese bank approves $700m to Pakistan, says Dar | The Express Tribune
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Finance Minister Ishaq Dar on Wednesday announced that the board of China Development Bank (CDB) approved a loan of $700 million for Pakistan. Earlier this month, the country’s foreign exchange reserves slipped to the alarming level of below $3 billion…
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Lack of consensus delays $700m loan | The Express Tribune
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ISLAMABAD: Fissures between the centre and provinces over a uniform sales tax system and property valuation rates across the country have delayed the approval of two foreign loans worth at least $700 million amid the federating units’ reluctance to accept…
