KARACHI: Pakistan will get the $1.17 billion tranche from the InternationalMonetary Fund (IMF) in six days’ time after approval from the ExecutiveBoard that is scheduled to meet on August 29, SBP Acting Governor MurtazaSyed told Bloomberg TV.
Murtaza Syed said that the country’s forex reserves will shore up to $16bln by the end of the current fiscal year which dropped to $8 billion amidthe worsening economic currency crisis.
“Pakistan has commitments of $38 billion so we are over finance,” he said.
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The central bank chief said that approvals of bilateral help to materialisesoon amounting to $4 billion while the current account deficit expected tobe 3% of GDP.
