ISLAMABAD – Pakistan has received the fresh tranche of 498.7 milliondollars from International Monetary Fund, according to State Bank ofPakistan.
The central bank has received IMF tranche of 498.7 million dollars underthe Extended Fund Facility.
Earlier on March 25, the International Monetary Fund approved 500 milliondollars disbursement for Pakistan under the Extended Fund Facility,bringing the total budget support under the arrangement to about 2 billiondollars.
IMF Deputy Managing Director Antoinette Sayeh said that Pakistan “hascontinued making satisfactory progress under the program.”
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Pakistan had signed the 39-month bailout program with the global monetarycooperation to avert a sovereign default because of a balance of paymentcrisis.
