Islamabad:
Pakistan on Tuesday received $2.75 billion from the International Monetary Fund (IMF) beneath a Special Drawing Rights (SDR) programme to assistance low-revenue nations hit by the coronavirus, its central bank stated.
The funds, aspect of a $650 billion international programme, will shore up Pakistan’s foreign reserves, beneath stress from a rise in the existing account deficit and falling remittances from workers based abroad.
Pakistan entered a $6 billion IMF plan in 2019, a sixth critique of which has been pending given that March.
Pakistan has reported more than 1.1 million coronavirus situations and more than 25,000 pandemic-associated deaths.
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