ISLAMABAD: The IMF Executive Board completed fourth and fifth reviews of Pakistan’s economic performance and granted release of $1.05 under its $6.8 billion three-year Extended Fund Facility (EFF).
As per reports, the International Monetary Fund (IMF) agreed to release another $1.05 billion in financial assistance to Pakistan as part of its effort to help the country overcome economic crisis.
With this, the total disbursements under the arrangement will reach about $3.2 billion.
The executive board also approved the authorities’ request for waivers of non-observance of performance criteria on the basis of the corrective measures taken, including prior actions on net domestic assets and on government borrowing from the State Bank of Pakistan.
