| GEO Business|
| Pak gets $1.13b IMF tranche|
| Updated at: 1045 PST, Wednesday, May 19, 2010|
KARACHI: Pakistan has received fresh installment of $1.13 billion from International Monetary Fund (IMF).
Spokesman of State Bank Of Pakistan Syed Waseemuddin said this while talking to Geo News. He said the installment has been paid as fifth tranche of standby program.
IMF has so far released $7.27 billion out of total amount of $11.3 billion. Analysts said Pakistan’s foreign exchange reserves would exceed from $16 billion after receiving the installment, which will be sufficient for import bill for seven months.