The International Monetary Fund’s (IMF) Executive Board has approved the $1 billion loan tranche of their programme for Pakistan.
Federal Minister for Finance and Revenue Shaukat Tarin taking to Twitter confirmed the news.
“I am pleased to announce that IMF Board has approved 6th tranche of their programme for Pakistan,” he wrote.
The sixth review was scheduled for January 12, 2022, and later January 28, but was postponed twice on Pakistan’s request, to attain more time for implementing IMF conditions.
In order to meet another condition of the IMF, the government had successfully managed to get the State Bank of Pakistan (Amendment) Bill, 2021, cleared from the Upper House of Parliament — which was the last stumbling block in reviving the stalled programme.
