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26th instalment: Pakistan repays IMF $109m

31 December, 2013

KARACHI: Pakistan repaid $109 million on Monday under the International Monetary Fund (IMF) Standby Agreement (SBA), according to a spokesperson for the State Bank of Pakistan (SBP).

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KARACHI: Pakistan repaid $109 million on Monday under the International Monetary Fund (IMF) Standby Agreement (SBA), according to a spokesperson for the State Bank of Pakistan (SBP).

With the 26th instalment, Pakistan has repaid the IMF $6.3 billion since July 2011, of which $5.5 billion was paid under the SBA facility.

With the latest repayment, Pakistan has paid back $256 million in December alone, having paid $147 million last week.

During the current fiscal year, Pakistan has returned the lender $2 billion, including $1.8 billion under the SBA facility.

Another $57 million was returned under the Natural Disaster Assistance during the same period.

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