{"id":78491,"date":"2021-08-04T15:03:11","date_gmt":"2021-08-04T10:03:11","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=78491"},"modified":"2021-08-04T15:03:15","modified_gmt":"2021-08-04T10:03:15","slug":"pakistan-receive-usd-2-8-bn-imf-under-sdrs","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-receive-usd-2-8-bn-imf-under-sdrs.html","title":{"rendered":"Pakistan to receive USD 2.8 bn from IMF under new SDRs"},"content":{"rendered":"\n<p>Islamabad: The State Bank of Pakistan (SBP) in its recent analyst report stated that Pakistan will receive USD 2.8 billion from the International Monetary Fund (IMF) under the new Special Drawing Rights (SDRs), news sources reported. The amount is part of the financial institution&#8217;s efforts to keep the economy of the members\u2019 state afloat during the COVID-19 pandemic.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/govt-imf-extension-amnesty.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt urges IMF for extension of construction amnesty scheme<\/a><\/p>\n\n\n\n<p>On August 2, the IMF approved a USD 650 billion global economic <a href=\"https:\/\/www.zameen.com\/news\/president-alvi-urges-business-community-to-pay-taxes.html\" data-type=\"post\" data-id=\"76168\" target=\"_blank\" rel=\"noreferrer noopener\">stimulus plan,<\/a> with member countries receiving cash in accordance with their allocated quotas. The SDR fund decision of the IMF&#8217;s board of governors will take effect on August 23, 2021, and Pakistan will receive the allocated amount by the end of August.<\/p>\n\n\n\n<p>Furthermore, following the approval and transfer of the allocated amount, the SBP current account reserves would be slightly higher than USD 20 billion, the highest in the country&#8217;s financial history, whereas the maximum financial receipts under the incumbent administration are 19.46 billion.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/imf-releases-third-portion-of-the-6-billion-loan.html\" target=\"_blank\" rel=\"noreferrer noopener\">IMF releases third portion of the $6 billion loan<\/a><\/p>\n\n\n\n<p>This is the third SDR approved by IMF and is the largest allocation of the emergency cash, with the last SDR approved in 2009 during the global market recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The State Bank of Pakistan (SBP) in its recent analyst report stated that Pakistan will receive USD 2.8 billion from the International Monetary Fund (IMF) under the new Special Drawing Rights (SDRs), news sources reported. The amount is part of the financial institution&#8217;s efforts to keep the economy of the members\u2019 state afloat during the COVID-19 pandemic.\u00a0 Read: Govt urges IMF for extension of construction amnesty scheme On August 2, the IMF approved a USD 650 billion global economic stimulus plan, with member countries receiving cash in accordance with their allocated quotas. The SDR fund decision of the IMF&#8217;s board of governors will take effect on August 23, 2021, and Pakistan will receive the allocated amount by the end of August. Furthermore, following the approval and transfer of the allocated amount, the SBP current account reserves would be slightly higher than USD 20 billion, the highest in the country&#8217;s financial history, whereas the maximum financial receipts under the incumbent administration are 19.46 billion. Read: IMF releases third portion of the $6 billion loan This is the third SDR approved by IMF and is the largest allocation of the emergency cash, with the last SDR approved in 2009 during the&hellip;<\/p>\n","protected":false},"author":84,"featured_media":61048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[11728,26167,47279],"persona":[],"class_list":{"0":"post-78491","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-imf","9":"tag-imf-acknowledges-pakistans-response-in-preventing-coronavirus-spread","10":"tag-pakistan-will-receive-usd-2-8-bn-from-imf-under-new-sdrs","11":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan to receive USD 2.8 bn from IMF under new SDRs- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The State Bank of Pakistan (SBP) in its recent analyst report stated that Pakistan will receive USD 2.8 billion from the International Monetary\" \/>\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\/pakistan-receive-usd-2-8-bn-imf-under-sdrs.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan to receive USD 2.8 bn from IMF under new SDRs- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The State Bank of Pakistan (SBP) in its recent analyst report stated that Pakistan will receive USD 2.8 billion from the International Monetary\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-receive-usd-2-8-bn-imf-under-sdrs.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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