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Pakistan receives 2nd tranche under EFF

Pakistan receives 2nd tranche under EFF

KARACHI: Pakistan has received the second tranche from International Monetary Fund under Extended Fund Facility. Economic experts have said that these inflows will support the exhausting foreign exchange reserves which have tumbled down to $9 billion.

State Bank of Pakistan spokesman has confirmed that Pakistan has received $553.5 million as the 2nd tranche of EFF from the IMF. The tranche was arrived late night on December 23, 2013, he added.