Pakistan receives first tranche of $1.2b from IMF: Dar

pointed out that the reserves of State Bank of Pakistan has increased by four point two billion dollars this week

He said it is expected that our foreign exchange reserves will be between thirteen and fourteen billion dollars when the central bank will share the exact figures tomorrow at the close of the week The Finance Minister said Pakistan will receive the remaining 1 8 billion dollars from the IMF after two reviews in November and February

Ishaq Dar said this stand by arrangement has been limited to nine months so that the next elected govern- ment could take its own decisions

The Finance Minister expressed his gratitude to Prime Minister Shehbaz Sharif for the support extended by him in reaching the stand by arrangement with the IMF

He was also appreciative of his economic team for supporting him during this difficult process The Finance Minister said Pakistan has been put on the positive journey stressing for collective efforts to further consolidate these gains and take the country towards positive growth trajectory