IMF approves the second tranche worth of $450 million for Pakistan – Research Snipers

IMF approves the second tranche worth of $450 million for Pakistan

During the executive board meeting in Washington, the second tranche of worth 450 million USD has been approved by the International Monetary Fund (Fund) for Pakistan under the extended loan programme of 6 billion USD.

IMF, during its board meeting in Washington, said that the economy of Pakistan in on a track while the decisive policy implementation by the government of Pakistan is helping to preserve the economic stability in Pakistan.

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“The authorities remain committed to expanding the social safety nets, reducing the poverty, and narrowing the gender gap,” International Monetary Fund (IMF) said.

Pakistan had received the first tranche from the International Monetary Fund (IMF) post-approval of the under the $6 billion Extended Fund Facility.

In November this year, Abdul Hafeez Shaikh—an Advisor of PM on Finance, Revenue, and Economic Affairs had said that after holding successful dialogues, International Monetary Fund agreed to release the second tranche amounting to 450 million US dollars loan for Pakistan.

During the press conference in Islamabad, an Advisor to Prime Minister said that the IMF mission expressed its confidence and lauded the incumbent government over meeting all the performance criteria.

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