ISLAMABAD: The executive board meeting of International Monetary Fund (IMF), after 10th economic review, has approved $502 million for Pakistan under the Extended Fund Facility (EFF).
Finance Minister Ishaq Dar, welcoming the IMF’s decision, said the process of economic reforms undertaken by the present government under the leadership of Prime Minister Mohammad Nawaz sharif has led the country to a stage where it has achieved macro-economic stability and was now well set on the path to economic growth.
The country has so far received $5 billion from the IMF, under a 36-month programme, supported by an EFF arrangement of $6.64 billion, approved in 2013 with two reviews to left.
