ISLAMABAD: International Monetary Fund (IMF) has approved third tranche of 550 million dollars for Pakistan under Extended Fund Facility (EFF).
The amount will be given to Pakistan in coming days.
The economic performance of Pakistan was discussed in IMF executive board meeting and government’s efforts were appreciated.
According to some earlier news reports, Pakistan Government was unable to achieve the goals set by IMF. But IMF was very impressed by Pakistan Government’s performance.
The IMF has reserved $16.7 billion loan under EFF for Pakistan in September 2013.