ISLAMABAD – Pakistan is due to receive $2.77 billion from the International Monetary Fund this month, the country's finance minister said on Thursday.
Addressing a press conference to announce the development, Shaukat Tarin detailed that the funds will directly be sent to the State Bank of Pakistan on August 23.
The international money lender has released a total of $650 billion for various countries. The amount -- which will be an "unconditional" allocation from the IMF -- aims to boost global liquidity amid the coronavirus pandemic.
On August 2, the Board of Governors of the IMF had approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456 billion) to boost global liquidity.
Pakistani rupee inches up against US dollar in open market on 30 March 2024.
In the open market, the US dollar was being quoted at 277.9 for buying and 280.9 for selling.
Euro was quoted at 301.45 for buying and 304.45 for selling while British Pound hovers around 353.5 for buying, and 357 for selling.
UAE Dirham AED remains stable at 75.40 whereas the Saudi Riyal saw minor increase, with new rates at 73.65.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.9 | 280.9 |
Euro | EUR | 301.45 | 304.45 |
UK Pound Sterling | GBP | 353.5 | 357 |
U.A.E Dirham | AED | 75.4 | 76.15 |
Saudi Riyal | SAR | 73.65 | 74.4 |
Australian Dollar | AUD | 182.7 | 184.5 |
Bahrain Dinar | BHD | 747.61 | 755.61 |
Canadian Dollar | CAD | 204.25 | 206.45 |
China Yuan | CNY | 38.74 | 39.14 |
Danish Krone | DKK | 40.3 | 40.7 |
Hong Kong Dollar | HKD | 35.55 | 35.9 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 910.14 | 919.14 |
Malaysian Ringgit | MYR | 59.25 | 59.85 |
New Zealand Dollar | NZD | 170.56 | 172.56 |
Norwegians Krone | NOK | 26.19 | 26.49 |
Omani Riyal | OMR | 721.86 | 729.86 |
Qatari Riyal | QAR | 76.57 | 77.27 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 26.89 | 27.19 |
Swiss Franc | CHF | 313.78 | 316.28 |
Thai Bhat | THB | 7.76 | 7.91 |
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