IMF Executive Board approves $700m loan tranche for Pakistan

The International Monetary Fund (IMF) on Thursday completed its first review of Pakistan’s economic reform programme supported by a $3 billion Stand-By Arrangement (SBA) and allowed the immediate disbursement of $700 million, according to the finance ministry.

A statement from the ministry said the completion of the first review by the IMF’s Executive Board and the payment of Rs528m in…