The International Monetary Fund (IMF) Executive Board has approved Pakistan’s $3 billion loan program.
The Executive Board of the IMF approved the standby agreement with Pakistan.
With IMF approval, $1.2 billion will be released immediately, with $1.8 billion scheduled after reassessments in November and February.
The International Monetary Fund says that Pakistan has to stick to the fixed policies, the economic reform program in Pakistan is to provide immediate support to the economy, the program will help Pakistan to remove the internal and external imbalances of the economy. .
IMF says that 1 billion 20 million dollars will be given to Pakistan immediately.
The International Monetary Fund (IMF) board meeting has approved a three billion dollar loan for Pakistan.
Earlier, Prime Minister Shehbaz Sharif had expressed hope that the Executive Board would approve Pakistan’s program.
Shahbaz Sharif also said that China provided five billion dollars, two billion dollars received from Saudi Arabia came from the efforts of Army Chief General Asim Munir.
Finance Minister Ishaq Dar said that one billion dollars have also come from the United Arab Emirates (UAE), Pakistan’s foreign exchange reserves have increased by three billion dollars in two days.
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