Pakistan’s IMF loan review approval unlocked about $1.2 billion on Friday after the International Monetary Fund Executive Board cleared the latest assessment, Finance Minister Muhammad Aurangzeb said.
Aurangzeb said Pakistan will receive about $1 billion under the Extended Fund Facility and about $210 million under the Resilience and Sustainability Facility.
The latest approval raises total disbursements under the two IMF arrangements to about $4.5 billion, according to the finance minister’s figures.
The funding comes as Pakistan works to rebuild foreign exchange reserves and control inflation under its IMF-backed economic programme.
The IMF programme also requires Pakistan to raise revenue and move ahead with the privatisation of state-owned companies, according to the source report.
