IMF deposits $1.2 billion into SBP’s account, raising hopes of Pakistan’s economic stability

Finance Minister Ishaq Dar was addressing a press conference in Islamabad on July 13, 2023. This still is taken from a video.  - youtube/ptvnewslive
Finance Minister Ishaq Dar was addressing a press conference in Islamabad on July 13, 2023. This still is taken from a video. – youtube/ptvnewslive

The International Monetary Fund (IMF) has deposited $1.2 billion in the State Bank of Pakistan’s (SBP) account, boosting the cash-strapped country’s hopes for economic stability as it teeters on the brink of default for months. Was.

In a televised address from Islamabad, Finance Minister Ishaq Dar said Pakistan would get the balance after two reviews – the second in November and the third in February.

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