PR No.234 Pakistan Receives Us$ 502 Million Tranche Islamabad: March 25, 2016
The IMF Board meeting held in Washington Friday morning, considered the Tenth Review report of the EFF-supported program 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 at 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 Inshallah Pakistan would complete all the reviews under the IMF extended fund facility.