ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin said on Thursday Pakistan would receive $2.77 billion on August 23 from the International Monetary Fund’s (IMF) general allocations of $650 billion approved to boost global liquidity amid the coronavirus pandemic, the state-run APP news agency said.
Pakistan is also in talks with the IMF as part of a review of a 39-month $6 billion bailout program, which began in 2019.
Tarin’s comments came during a press conference where he said the IMF would directly transfer the amount to the State Bank of Pakistan, adding that the funds would help improve the country’s foreign exchange reserves and have a “good impact” on the economy.
“The minister said that it was unconditional allocations from the IMF which he said would be used in a productivity way,” APP reported, saying the minister said Pakistan was working on a reforms program to bring stability and sustainability under the IMF program.
“The minister thanked the IMF for such measures to promote global liquidity, particularly in those countries which have been facing challenges amid COVID-19 pandemic,” APP said.
The Board of Governors of the IMF on August 2 approved a general allocation of Special Drawing Rights equivalent to $650 billion to boost global liquidity. The allocation is meant to address the long-term global need for reserves, build confidence, and foster the resilience and stability of the global economy. It will particularly help most vulnerable countries struggling to cope with the impact of the COVID-19 crisis.
“The minister said the government would utilize the package given by the IMF in the productive sectors, so that the process of sustainable development could continue in the country,” APP added.
Finance minister says Pakistan to receive $2.77 billion from IMF on Aug 23
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Finance minister says Pakistan to receive $2.77 billion from IMF on Aug 23
- Funds come from IMF’s general allocation of $650 billion approved to boost global liquidity amid coronavirus pandemic
- Pakistan in talks with the IMF as part of a review of a 39-month $6 billion bailout program, which began in 2019
Pakistan recall Shadab Khan for Sri Lanka T20I series as World Cup looms
- Shadab Khan, 27, last played for Pakistan in June before he underwent a shoulder surgery
- Babar Azam, Shaheen Afridi and Muhammad Rizwan to miss series due to Big Bash League
ISLAMABAD: The Pakistan Cricket Board (PCB) announced on Sunday it has named former captain Shadab Khan in the 15-member squad for the upcoming three-match T20I series scheduled to take place against Sri Lanka next month, as the Green Shirts prepare for the upcoming ICC T20 World Cup 2026.
Khan, 27, last represented Pakistan in June this year before he underwent a shoulder surgery. Khan is currently featuring in the Big Bash League (BBL) in Australia after going through a rehabilitation program at the National Cricket Academy in Lahore.
“All-rounder Shadab Khan has returned to the T20I side as the Men’s National Selection Committee named a 15-member squad for the three-match T20I series against Sri Lanka, scheduled to take place later next month,” the PCB said in a statement.
A host of key players such as Babar Azam, Shaheen Shah Afridi, Haris Rauf and Mohammad Rizwan have not been included in the series as they are featuring in the BBL.
Uncapped Pakistani wicketkeeper-batter Khawaja Nafay has also been included in the Sri Lanka squad. The 23-year-old right-handed batter has recently been part of the Pakistan Shaheens squad. He has featured in 32 T20 matches and has scored at a strike rate of 132.81.
The Pakistan team will depart for Sri Lanka in the first week of January 2026, with all three T20Is scheduled to be played at the Rangiri Dambulla International Cricket Stadium (RDICS) in Dambulla on Jan. 7, 9 and 11.
“The series will provide Pakistan an opportunity to finalize their squad for the ICC Men’s T20 World Cup, set to take place in India and Sri Lanka from 7 February to 8 March,” the PCB said.
“Pakistan are scheduled to play all their matches in Colombo, Sri Lanka.”
SQUAD:
Salman Ali Agha (captain), Abdul Samad, Abrar Ahmad, Faheem Ashraf, Fakhar Zaman, Khawaja Nafay (wk), Mohammad Nawaz, Mohammad Salman Mirza, Mohammad Wasim Jr., Naseem Shah, Sahibzada Farhan (wk), Saim Ayub, Shadab Khan, Usman Khan (wk), Usman Tariq
