WASHINGTON: The Pakistan Finance Minister Ishaq Dar announced that the International Monetary Fund (IMF) will release two tranches mounting $ 1.1 billion by December.
“I had conducted numerous meetings with financial institutions including World Bank, OPIC, IMF and EXIM Bank as well as with the finance leaders of China, Britain and Iran to discuss cooperating in the areas of trade and economy,” he said.
After reviewing fourth and fifth rounds of Pakistan’s economic performance, IMF will release two funds simultaneously.
In a statement from IMF, it said that Pakistan’s economic reforms have been gaining balance and the Executive Board would approve the combined release when it would meet in early December.
