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Reading: IMF all set to release $550m by June 1
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PhotoNews Pakistan > World > IMF all set to release $550m by June 1
World

IMF all set to release $550m by June 1

Web Desk
By Web Desk Published May 11, 2014 1 Min Read
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Pakistan and the International Monetary Fund (IMF) concluded negotiations on Saturday for grant of the fourth tranche of $550 million under the Extended Fund Facility (EFF).

Speaking at a press briefing  Finance Minister Ishaq Dar said the major part of the negotiations was held in Dubai, but the final leg was conducted in Islamabad. After final approval of the IMF Board, Pakistan would receive the amount by June 1, he added.

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