IMF Approves $1.2 Billion Loan Tranche for Pakistan
ISLAMABAD — The Executive Board of the International Monetary Fund (IMF) has approved a $1.2 billion loan tranche for Pakistan, in a major boost to the country’s ongoing economic stabilization efforts.According to Pakistan’s Ministry of Finance, the funds will be disbursed under two separate IMF programmes. Pakistan will receive $1 billion under the Extended Fund…
