Pakistan set to receive $450mn loan tranche from IMF

ISLAMABAD: The International Monetary Fund (IMF) mission’s 12-day visit to Pakistan ended on a positive note as it announced it would release the first tranche of its $6 billion financial assistance programme to the country.

invest with imarat

Islamabad’s emerging city centre

Learn More

According to a statement, all performance criteria for September-end were met with comfortable margins despite a difficult environment.

The IMF had designed the three-year rescue package for Pakistan in April – its 13th bailout programme for the South Asian nation since the late 1980s.

“Completion of the review will enable disbursement of SDR 328 million (or around $450 million) and will help unlock significant funding from bilateral and multilateral partners,” said Ramirez Rigo after the mission completed its first review.

“The government policies have started to bear fruit, helping to reserve the build-up of vulnerabilities and restore economic stability. The external and fiscal deficits are narrowing, inflation is expected to decline and growth, although slow, remains positive,” the IMF statement said.

The mission was in Islamabad from October 28 to November 8.

For more news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Islamabad’s Capital Hospital to Be Upgraded Under CDA-ADB Agreement

ISLAMABAD: The Capital Development Authority (CDA) and the Asian Development Bank (ADB) have entered into…

6 days ago

CDA to Issue Possession Letters for E-12 Sector After Eid

Islamabad: The Capital Development Authority (CDA) has announced plans to issue possession letters to allottees…

1 week ago

Graana.com Announces Property Festival 2025 to Revitalize Islamabad’s Real Estate Sector

Islamabad, [24 March 2025] – Graana.com, Pakistan's leading online real estate marketplace, is proud to…

1 week ago

Graana.com Proudly Partners with IAP for Graana Property Festival 2025

Islamabad, Pakistan – March 2025: Graana.com, Pakistan’s leading real estate platform, has proudly partnered with…

2 weeks ago

Sindh Government Reviews Measures to Regulate Real Estate Sector

KARACHI: Sindh Local Government Minister Saeed Ghani chaired a meeting on Monday to review measures…

2 weeks ago

Islamabad to Welcome a Modern Food Street in Blue Area

ISLAMABAD: The Capital Development Authority (CDA) has unveiled plans to develop a modern food street…

3 weeks ago