Latest Energy Reforms News & Updates

IMF Approves $1.3 Billion Funding for Pakistan

By

Washington, May 9 (IANS) The International Monetary Fund approved about $1.3 billion in fresh funding for Pakistan after completing key programme reviews.The IMF Executive Board completed the third review of Pakistan’s Extended Fund Facility and the second review of its Resilience and Sustainability Facility. This allows an immediate disbursement of about $1.1 billion and $220 million.Total disbursements under the two programmes now stand at about $4.8 billion.The IMF said Pakistan’s “stro…