• Amount will reflect in central bank's foreign exchange reserves for week ending on May 3 BR Web Desk Published April 30, 2024 Pakistan has received $1.1 billion from the International Monetary Fund (IMF) in the final tranche of the $3 billion Stand-By Arrangement (SBA), the State Bank of Pakistan (SBP) said on Tuesday. The development comes after the IMF on Monday completed its final review of Pakistan’s economic reform programme supported by the 9-month SBA and allowed immediate disbursement of $1.1 billion. “Accordingly, SBP has received SDR 828 million (around US$ 1.1 billion) in value Apr 29, 2024 in its account from IMF. The amount shall be reflected in SBP’s foreign exchange reserves for the week ending on May 3, 2024,” the SBP said in its statement. Foreign exchange reserves held by the central bank are standing at $7.981 billion as April 19. “The disbursement will bring more economic stability in Pakistan,” PM Shehbaz said in a statement from his office, adding that the SBA was important in saving the South Asian nation from defaulting on its external liabilities. Pakistan is now looking to secure…