Pakistan News Service

Friday Dec 19, 2014, Safar 26, 1436 Hijri
Logo Logo
LATEST :
Pakistan News Home -> Top -> News Details

IMF approves 3rd tranche of $545m to Pakistan

10 February, 2014

  Related News  
IMF asks Pakistan to do more as second tranche is released
Pakistan, IMF agree to $5.3bn bailout package
  Related Articles  
Faulty designs
By Dr Ashfaque H Khan
The new IMF programme
By Dr Ashfaque H Khan
  More on this View All

DUBAI: International Monetary Fund has approved the third tranche of five hundred forty five million dollars to Pakistan under the six point six billion dollars Extended Fund Facility.

This was stated by the head of IMF Mission Jeffery Franks while addressing a joint news conference after a meeting with Finance Minister Ishaq Dar in Dubai.

Frank said both the parties have reached the loan agreement. He said Pakistani economy is moving towards the set objectives. He said the economic growth has increased from 2.8 to 3.1 percent.

Finance Minister Ishaq Dar on this occasion said our economy is on the right track and the government is taking a number of steps for further improvement.

He pledged to add four thousand five hundred megawatts electricity to the national grid in next four years. He said the government is providing electricity to industry despite its shortage and subsidy is also being given for the provision of cheap electricity to consumers.

The Finance Minister said electricity distribution companies are being made efficient to overcome line losses. He said the government has ended unannounced load shedding and has approved energy policy to increase its production.

Ishaq Dar said legislation is being made to stop pilferage of electricity and gas.

End.

 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
 
 
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Imran - Qadri long march
Artilce 6 and Musharraf Trail
  Quick Vote Show Results
Question: "In view of the current situation do you think Talks with Taliban should take place only within the ambit of Article 4 of Objectives Resolution that defines our Common Purpose i.e. PM/ President down to all Pakistanis to work till we achieve the rights of Democracy, Freedom, Tolerance and Social Justice for all Pakistanis:"
Yes
No
 
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
LHC tells Sharif family to pay Rs 3.5bn mark-up on loan
Osama's killer comes forward to reveal his name
Suggested Sites