IMF team sets to assess Pakistan's $3bn SBA on November 2

MG News | October 25, 2023 at 12:39 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 25, 2023 (MLN): The delegation of the International Monetary Fund (IMF) is set to visit Pakistan on November 02, 2023, to review the country's $3 billion standby arrangement (SBA), Esther Perez Ruiz, IMF's resident representative confirmed today.

Mr. Nathan Porter, the chief of IMF will lead the said delegation, she said.

To recall, in July this year, Pakistan secured a 9-month SBA with the IMF, valued at a substantial $3bn. This agreement came at a time when the cash-strapped nation was on the brink of default.

Right after this agreement, IMF immediately released $1.2bn to help shore up reserves.

It is important to mention that the upcoming review, if remains successful will pave the way for a $700 million installment.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,765.22 212.46M	0.16% 266.28
ALLSHR	103,241.06 481.66M	0.13% 137.96
KSE30	50,813.89 65.25M	0.15% 74.20
KMI30	244,391.30 71.96M	0.08% 186.13
KMIALLSHR	66,928.26 309.74M	0.08% 55.24
BKTi	47,274.31 12.11M	0.30% 141.41
OGTi	35,009.43 4.22M	0.13% 46.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,865.00	85,730.00 83,510.00	-1045.00 -1.23%
BRENT CRUDE	105.68	106.40 104.34	-0.92 -0.86%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.50 5.26%
ROTTERDAM COAL MONTHLY	137.10	0.00 0.00	-0.80 -0.58%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	93.71	94.75 92.04	-0.90 -0.95%
SUGAR #11 WORLD	18.66	18.75 18.43	0.05 0.27%