A resident receives a dose of coronavirus disease (COVID-19) vaccine at a drive-through vaccination facility in Karachi, Pakistan August 3, 2021. REUTERS/Akhtar Soomro
Pakistan on Tuesday received $2.75 billion from the International Monetary Fund (IMF) under a Special Drawing Rights (SDR) programme to support low-income countries hit by the coronavirus, its central bank said.
The funds, part of a $650 billion global programme, will shore up Pakistan's foreign reserves, under pressure from a rise in the current account deficit and falling remittances from workers based abroad.
Pakistan entered a $6 billion IMF program in 2019, a sixth review of which has been pending since March.
Pakistan has reported more than 1.1 million coronavirus cases and more than 25,000 pandemic-related deaths.
Reporting by Asif Shahzad; editing by John Stonestreet
Pfizer CEO in talks with 90 countries for COVID-19 pill
Pfizer says its antiviral pill slashes risk of severe COVID-19 by 89%
What are the Best-paying Jobs in Qatar?
Umrah and prayer at Grand Mosque permits restricted for fully vaccinated pilgrims from Oct. 10