LAHORE MIRROR — Minister for Finance and Revenue, Senator Mohammad Ishaq Dar on Wednesday said that International Monetary Fund (IMF) Executive Board has approved the Stand-by Agreement (SBA) for US$ 3 billion for Pakistan.
“IMF Executive Board approved today Stand-by Agreement (SBA) for US$ 3 billion for Pakistan!”, he tweeted.
The development comes hours after Finance Minister Ishaq Dar said that Pakistan received $1 billion from the United Arab Emirates (UAE) as part of its financial commitment to help Pakistan secure the International Monetary Fund (IMF) bailout package.
“We have received $1 billion from the UAE. The UAE has deposited the amount into the State Bank account,” the financial czar announced in a televised media address on Wednesday.
