pakistan
Pakistan likely to receive $1.2 billion IMF tranche as board meets today
Key takeaways
- Sources said the International Monetary Fund (IMF) board is holding its meeting on Friday, with approval of the disbursement for Pakistan widely expected.
- Officials added that Pakistan has met 13 out of 17 key targets under the IMF programme, with no major obstacles remaining for the approval of the tranche.
- The State Bank of Pakistan has reportedly achieved foreign exchange reserve and other financial benchmarks successfully.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: Pakistan is expected to receive a $1.2 billion tranche from the International Monetary Fund (IMF) soon, as the Fund’s Executive Board meets to review the country’s performance, ARY News reported on Friday, citing official sources.
Sources said the International Monetary Fund (IMF) board is holding its meeting on Friday, with approval of the disbursement for Pakistan widely expected.
Officials added that Pakistan has met 13 out of 17 key targets under the IMF programme, with no major obstacles remaining for the approval of the tranche.
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