ISLAMABAD: In a bid to stem the economic impact of Coronavirus, the International Monetary Fund (IMF) has granted financial aid of worth of $1.3 billion to Pakistan under the Rapid Financing Instrument (RFI).
The announcement was made in a statement issued by the institution.
The Executive Board of the IMF had decided to lend major support by stemming the effects, given the current conditions and declining reserves due to increased spending in the health and social sector.
The Board further announced to renew commitment to implement policies under the existing Extended Fund Facility (EFF).
The government will utilise the allocated funds to meet the urgent balance of payments needs, provide financing to the budget allocated for targeted and temporary spending to contain the pandemic and mitigate its economic impact.
The IMF and government also plan to carry out discussions on the impact of COVID-19 as part of the current EFF, the institution further added.
For news and blogs, visit Graana.com.
ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…
ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…
DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…
ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…
Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…
ISLAMABAD: CDA Chairman Muhammad Ali Randhawa has directed the immediate restoration of 23 non-functional water…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
