IMF approves $1.32b financing for Pakistan

The Executive Board of International Monetary Fund has approved one point three-two billion dollars financing for Pakistan under its Extended Fund Facility and Resilience and Sustainability Facility programmes.  

According to an IMF statement, this brings total disbursements under the two arrangements to about four point eight billion dollars.

The statement said Pakistan’s strong implementation, despite the Middle East war, has maintained economic stability and improved financing and external conditions.