5Photo© hindustantimes.comIMF approves a $7 billion loan for Pakistan, $1 billion given immediately
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The executive board of the International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement.
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington.(Reuters)
The loan — which Islamabad will receive in installments over 37 months — is aimed at boosting Pakistan's ailing economy, officials added.
“ This program should be considered the last program,
Shehbaz Sharif,
IMF Approves $7 Billion Loan To Support Pakistan’s Economy