ISLAMABAD, Mar 25 (APP): The International Monetary Fund
(IMF) has approved the US$ 502 million transche for Pakistan.
According to a statement issued by the Ministry of
Finance here Friday, IMF’s board meeting was held in Washington and
considered the 10th review report of the Extended Fund
Facility (EFF) supported programme and accordingly approved the
next tranche of US$ 502 million for Pakistan.
The Pak-IMF talks for the 10th Review, it may be
mentioned were held in Dubai in the first week of February
2016.
Finance Minister Senator Mohammad Ishaq Dar has welcomed
the approval accorded by the IMF Board.
He said the process of economic reforms undertaken by
the present government under the leadership of Prime Minister
Mohammad Nawaz sharif had led the country to a stage where it
had achieved macro-economic stability and was now well set on
the path to economic growth.
He said that Pakistan would complete all the reviews
under the IMF extended fund facility.