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Islamabad: The State Bank of Pakistan has successfully received the first tranche of approximately $1.026 billion from the International Monetary Fund (IMF), signaling a critical phase in the country’s financial stabilization efforts.
According to Ministry of Information and Broadcasting, this funding comes after the IMF Executive Board’s approval of a thirty-seven month Extended Fund Facility (EFF) for Pakistan, totaling $7 billion. The tranche is a significant step towards bolstering Pakistan’s economic reserves and stabilizing its financial landscape amidst ongoing economic challenges.
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