Federal Minister for Finance and Revenue Shukat Tarin has said that Pakistan will get $2.77 billion on August 23 from the International Monetary Fund’s (IMF) general allocations of $650 billion it had approved to boost global liquidity amid coronavirus pandemic across the globe. The minister said that it was unconditional allocations from the IMF and would be used in a productive manner. Read more: IMF declines to say disbursements to Pakistan under bailout programme haltedHe said that Pakistan had been already working on a reform programme to bring stability and sustainability under the IMF programme. The minister thanked the IMF for the measures to promote global liquidity, particularly in countries facing challenges amid the Covid-19 pandemic. Also read: Islamabad refuses to cave in to IMF demandsThe Board of Governors of the IMF had approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion (about SDR 456 billion) on August 2, 2021, to boost global liquidity.

Source: The Express Tribune August 12, 2021 17:15 UTC