The government is expecting to receive $2 billion dollars by the end of the month of December which will provide a much needed boost to its foreign exchange reserves, sources said on Sunday.
The sources said that the inflows will take Pakistan’s forex reserves to $9 billion, which are equivalent to the import expenditure of two months.
The government is expecting to receive around $1.5 billion from the World Bank and Asian Infrastructure Investment Bank.
The government is also expecting $350 million from the International Development Association and $250 million from the Asian Development Bank.
Apart from these funds, the government is positive that $710 million from the International Monetary Fund, which recently concluded its negotiations with Pakistan.
Falling foreign exchange reserves have been a continuous challenge for Pakistan leading to the country turning to international lenders as well as ‘friendly’ countries for debt or debt rollovers to keep the economy afloat.
