IMF okays 2nd tranche of loan for Pakistan

Pak reform programme on track

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WASHINGTON
The International Monetary Fund (IMF) has approved second tranche worth of $450 million for Pakistan under the $6 billion Extended Fund Facility in a meeting of its executive board in Washington. The IMF in its board meeting said that Pakistan’s economic reform program is on track while decisive policy implementation by the Pakistani authorities is helping to preserve economic stability in the country.
IMF said that the authorities remain committed to expanding the social safety nets, reducing poverty, and narrowing the gender gap. The federal government of Pakistan had received the first tranche from IMF post-approval of the under the extended loan programme of $6 billion.

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