IMF board approves $ 700 million for Pakistan

0
534

DNA

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) completed the 1st review of Pakistan’s economic reform program supported by IMF’s Stand By Arrangement (SBA) today.

The Board’s approval allows for an immediate disbursement of SDR 528 million (around US$ 700 million) bringing the total disbursements under the SBA to US$ 1.9 billion.