HomeBusinessIMF approves release of $1.17 bn to Pakistan

IMF approves release of $1.17 bn to Pakistan

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ISLAMABAD, Aug 29 (APP): The International Monetary Fund (IMF) Board on Monday approved the revival of Pakistan’s Extended Fund Facility Programme (EFF).

Minister for Finance Miftah Ismail, in a tweet, said now Pakistan would receive the 7th and 8th tranches of $1.17 billion from the IMF.

“Alhamdolillah the IMF Board has approved the revival of our EFF program. We should now be getting the 7th & 8th tranche of $1.17 billion.”

Miftah thanked Prime Minister Shehbaz Sharif for taking so many tough decisions and saving Pakistan from default. He also congratulated the nation on the good news.

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