Pakistan Foreign Exchange reserves to get yet another big booster

Shares
Pakistan Foreign Exchange reserves to get yet another big booster

ISLAMABAD -Pakistan Foreign Exchange reserves to get yet another big booster worth $453 billion.

The International Monetary Fund (IMF) will hold its next board meeting in Washington on December 19 for approval of the disbursement of second tranche of about $453 million to Pakistan under the $6 billion Extended Fund Facility (EFF) finalised in May this year.

According to the IMF’s website, the board will review Pakistan’s economic growth. After Pakistan and the staff mission of the International Monetary Fund had held policy level talks for disbursement of the second tranche of the amount from October 28 to November 8.

The mission had given a positive review about Pakistan’s economic performance.

The IMF had held meetings with Federal Bureau of Revenue (FBR) Chairman Shabbar Zaidi and Advisor to the Prime Minister on Finance Abdul Hafeez Sheikh.

More from this category