IMF tranche boosts Pakistan's reserves to $9.4 bln: Forbes

KARACHI, Dec 1 (Reuters) - Pakistan's foreign currency reserves stood at $9.4 billion by Nov. 26 after receiving the first tranche of $3.1 billion from the International Monetary Fund last week, the State Bank of Governor said on Monday.
Reserves had totalled $6.6 billion as of Nov. 22.



The IMF last week approved a $7.6 billion loan to avert a balance of payments crisis and prevent the government defaulting on its international debt obligations.



For more on this article, please click on the following link: IMF tranche boosts Pakistan's reserves to $9.4 bln: Forbes