Pakistan pays $391.8m to IMF under SBA

[Xracer]

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KARACHI: Pakistan on Tuesday successfully paid the 10th installment amounting to SDR 258.4 million equivalent to US $391.8 million on account of Stand-By Arrangement (SBA) to the International Monetary Fund (IMF), said spokesman State Bank of Pakistan.

With the repayment of current installment, Pakistan to-date has repaid to IMF SDR 2,110 million equivalent to US $ 3,232 million since July 2012, SBP spokesman Syed Wasimuddin said.

He further said that the next installment under IMF/SBA facility will fall due at the end of May 2013, amounting to SDR 258.4million.

After the current repayment, the remaining amount due under IMF/SBA until Sep-2015 is SDR 3,239 million, he added.

 

[BATMAN]

Do we have monthly payment plan with IMF?

We have already paid an equally big installment, last month!

 

[Ayush]

so,it is gonna take pakistan around 10-15 installments to pay back the money.