SBP gets 4th IMF tranche

State Bank of Pakistan has received the fourth tranche of $1.20billion today.IMF has approved the fourth tranche for Pakistan on December 23.This tranche is a part of the standby agreement of $11.3billion loan IMF approved for Pakistan.It merits to mention that Pakistan has canceled subsidy of many sectors besides increasing power and gas tariff as per the conditions set by IMF for loan.