*ISLAMABAD – **In positive economic development, Another big rise in theforeign exchange reserves of Pakistan.*
*Pakistan received on Thursday $452 million as the second installment ofthe International Monetary Fund’s $6 billion loan programme, the State Bankof Pakistan said.*
The IMF had evaluated Pakistan’s economic progress and approved the releaseof the second tranche as part of its $6 billion programme on December 20.
Pakistan had received approximately $1 billion as part of the firsttranche. Under the IMF programme, Pakistan has to make major changes to itseconomic policy and taxation system.
Read Top Stories
“The government of Pakistan is now determined and committed to implementingstrong and solid economic programmes with IMF’s support,” said Maria TeresaDaban Sanchez, the IMF resident representative for Pakistan, in anexclusive interview to SAMAA TV.
The targets and objectives of the fiscal and the monetary policies and thepower sectors have been achieved for the first quarter, she said. Theprogramme is on track and the policies are getting good results.
