ISLAMABAD – There is a possibility that Pakistan may receive the sixth installment of International Monetary Fund (IMF) loan today (01 April). Foreign Exchange Reserves of the country can climb up to $ 16.6 Billion.
IMF can issue the sum of 500 Million Dollar from its approved loan to Pakistan. The Foreign Exchange Reserves of the country will become even better with the transfer of money.
According to the source of Ministry Of Finance, there is an expectation that Pakistan may receive the sixth installment of $ 500 Million from the loan of $ 66 billion approved by IMF for Pakistan.
The Foreign Exchange Reserves of the country will mount up to $ 16.6 Billion upon the receipt of money from IMF.
The total amount received under the said loan program from IMF will reach up to $ 35 Billion after the receipt of the sixth installment.
Financial experts are very optimistic that the value of rupee will get more stable with the increase in the Foreign Exchange Reserves of the country.
Before this, Pakistan already received five installment of loan from IMF totaled $ 35 Billion. This amount of loan is directed towards improving the fiscal deficit of Pakistan, and increasing the Foreign Exchange Reserves of the country.
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