ISLAMABAD  - The Government of Pakistan on Monday paid an installment of over $140 million to the International Monetary Fund (IMF) under the Stand-By Arrangement (SBA) loan facility.

As per details, Pakistan has paid $90.58 million of special drawing rights (SDR), equivalent to $140.52 million.

The government has paid three installments during August while two more installments of debt will be paid on 16th and 26th of this month. Heavy debt repayments to the IMF have been putting a dent in the international reserves of the State Bank of Pakistan, resulting in depreciation in the exchange rate.