PM Shehbaz, Senator Irfan exchange views on country's political situation
Pakistan
Irfan Siddiqui praises premier for sealing IMF agreement
ISLAMABAD (Dunya News) – Prime Minister Shehbaz Sharif and Pakistan Muslim League-Nawaz (PML-N) Senator Irfan Siddiqui on Thursday exchanged views on the country’s political situation.
On the occasion, Siddiqui praised the premier for a $3billion staff-level agreement with the International Monetary Fund (IMF).
- First tranche -
Finance Minister Ishaq Dar today said the International Monetary Fund (IMF) had transferred an amount of $1.2 billion to the State Bank of Pakistan (SBP) as a first tranche under the stand-by agreement, which was approved its executive board a day earlier.
In a televised statement, Dar said the remaining $1.8 would be released after two reviews, meaning that there would be two instalments.
Pakistan’s foreign reserves had jumped by $4.2 billion during the last four days, he said – in a reference to $2bn deposit made by Saudi Arabia and another $1bn received from the United Arab Emirates (UAE).
