The International Monetary Fund (IMF) Board has granted approval for the disbursement of a $1.1 billion loan to Pakistan.
The International Monetary Fund’s (IMF) Executive Board has completed the second review of Pakistan’s economic reform program, which is supported by the IMF’s $3 billion Stand-By Arrangement (SBA). As a result of the Board’s decision, approximately US$1.1 billion will be immediately disbursed, as confirmed by sources in the Ministry of Finance. The IMF is expected…