{"id":59111,"date":"2019-12-27T11:42:41","date_gmt":"2019-12-27T11:42:41","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59111"},"modified":"2020-01-28T05:59:52","modified_gmt":"2020-01-28T05:59:52","slug":"second-imf-tranche-received-reserves-soar-usd-18-bn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/second-imf-tranche-received-reserves-soar-usd-18-bn.html","title":{"rendered":"Second IMF tranche received; reserves soar to USD 18 bn"},"content":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Thursday announced its receipt of the second tranche worth USD 452.4 million of the USD 6 billion loan package pledged by the International Monetary Fund (IMF). The central bank further stated that the country\u2019s foreign exchange reserves shored up to USD 18 billion following the completion of the said transaction.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-sets-7-new-targets-for-the-third-quarter.html\" target=\"_blank\" rel=\"noopener noreferrer\">IMF sets 7 new targets for the third quarter<\/a><\/p>\n<p>The SBP received the second tranche of loan on December 23, under the EFF (extended fund facility) programme announced by the international agency. This tranche will be included in the SBP weekly reserves data as of December 27, 2019, and will be released on January 2, 2020 \u2013 said the central bank. Following the release of the second tranche, the total IMF disbursement so far stands at USD1.44 billion. The first instalment of USD 1 billion was issued in July.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/imf-approves-second-tranche-of-financial-package.html\" target=\"_blank\" rel=\"noopener noreferrer\">IMF approves second tranche of financial package<\/a><\/p>\n<p>With the inclusion of this tranche, the reserves held by the SBP are expected to reach USD 11.35 billion. As per a <a href=\"https:\/\/www.zameen.com\/news\/imf-review-notes-pakistans-positive-macro-economic-performance.html\" target=\"_blank\" rel=\"noopener noreferrer\">statement recently issued by the IMF<\/a>, the national economy was headed on a path towards stabilisation. \u2018Decisive policy implementation by the Pakistani authorities is helping to preserve economic stability aiming to put the economy on the path of sustainable growth,\u2019 according to the announcement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Thursday announced its receipt of the second tranche worth USD 452.4 million of the USD 6 billion loan package pledged by the International Monetary Fund (IMF). The central bank further stated that the country\u2019s foreign exchange reserves shored up to USD 18 billion following the completion of the said transaction. Read:\u00a0IMF sets 7 new targets for the third quarter The SBP received the second tranche of loan on December 23, under the EFF (extended fund facility) programme announced by the international agency. This tranche will be included in the SBP weekly reserves data as of December 27, 2019, and will be released on January 2, 2020 \u2013 said the central bank. Following the release of the second tranche, the total IMF disbursement so far stands at USD1.44 billion. The first instalment of USD 1 billion was issued in July. Read:\u00a0IMF approves second tranche of financial package With the inclusion of this tranche, the reserves held by the SBP are expected to reach USD 11.35 billion. As per a statement recently issued by the IMF, the national economy was headed on a path towards stabilisation. \u2018Decisive policy implementation by the Pakistani authorities is&hellip;<\/p>\n","protected":false},"author":75,"featured_media":23688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14666],"persona":[],"class_list":{"0":"post-59111","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-second-imf-tranche-received-reserves-soar-to-usd-18-bn"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Second IMF tranche received; reserves soar to USD 18 bn - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Thursday announced its receipt of the second tranche worth USD 452.4 million of the USD 6 billion loan\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/second-imf-tranche-received-reserves-soar-usd-18-bn.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Second IMF tranche received; 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