IMF approves $500 million disbursement to Pakistan

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ISLAMABAD: The International Monetary Fund approved a 500 million dollar disbursement to Pakistan for budgetary support after its Executive Board completed delayed reviews of Pakistan’s 6 billion dollar loan program.

IMF Deputy Managing Director Antoinette Sayeh told this in a statement saying the latest payment brought total disbursements under the Extended Fund Facility to 2 billion dollars since the program was first approved in July 2019.

She said Pakistani authorities have continued to make satisfactory progress under the program.

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