KARACHI, Dec 11: Pakistan’s central bank on Thursday announced that it has received USD 1.2 billion from the International Monetary Fund as part of the ongoing loans programmes aimed at building climate resilience in Pakistan. The amount was released after the International Monetary Fund’s (IMF) Executive Board had completed the second review of the Extended Fund Facility (EFF) and the first of the Resilience and Sustainability Facility (RSF), the State Bank of Pakistan (SBP) said in a statement here. The decision was taken during the board’s meeting at Washington on Monday. The amount, which would reflect in the bank’s foreign exchange reserves for the week ending December 12, is part of the IMF’s dual track bailout for Pakistan with a 37-month EFF and climate focussed RSF. The

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