The IMF Executive Board approved a $3 billion loan program

The IMF Executive Board approved a $3 billion loan program

Islamabad: The IMF approved the standby arrangement agreement while approving Pakistan’s debt program. According to a statement issued by the International Monetary Fund, the Executive Board of the International Monetary Fund today approved SDR 2.25 billion (about $3 billion, or 111 percent of the quota) for Pakistan to support the authorities. 9 months Standby Arrangement…

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The IMF Executive Board has approved Pakistan's $3 billion loan program

The IMF Executive Board has approved Pakistan’s $3 billion loan program

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…

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