IMF approves release of $1.1 billion for Pakistan
ISLAMABAD, Aug 30 (APP): The Executive Board of the International Monetary Fund (IMF) completed on Monday the combined seventh and eighth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan.
The Board’s decision allows for an immediate disbursement of SDR 894 million (about US$1.1 billion), bringing total purchases for budget support under the arrangement to about US$3.9 billion, said a press release issued by the IMF.
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