Pakistan, IMF reach deal for release of $1.1bn loan tranche

Pakistan, IMF reach deal for release of $1.1bn loan tranche

The International Monetary Fund (IMF) announced on Wednesday a staff-level agreement for the release of the last loan tranche of $1.1 billion and said Pakistan’s economic and financial positions have improved. However, the global lender cautioned that economic growth remained modest and inflation was above target. The IMF also said Pakistan will further increase gas […]

Read the full story at the Daily Times website.