Islamabad, Dec. 9 -- The International Monetary Fund (IMF) on Tuesday approved the disbursement of a $1.2 billion package for Pakistan after the global money lender cited satisfaction with Pakistan's economic trajectory, after completing a second review of its reform agenda under the Extended Fund Facility (EFF) and the first review of its Resilience and Sustainability Facility (RSF).
The approval follows a staff-level agreement reached in October between Pakistan and the IMF on the country's ongoing loan programmes, with the $1.2bn tranche being part of an overall $3.3bn package.
Releasing a statement, the IMF wrote: "Today, the executive board of the IMF completed the second review of Pakistan's economic reform programme supported by th...