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Budget numbers belie IMF s claims

IMF okays release of final $1 1bn SBA tranche - Pakistan

IMF approves immediate release of final $1 1 billion tranche of $3 billion bailout to Pakistan

The IMF says it will immediately release the final $1.1 billion tranche of a $3 billion bailout to Pakistan. Pakistan needs the money to overcome one of the worst economic crises in its history. As part of the bailout conditions, the government had to reduce subsidies intended to cushion the impact of rising living costs. This contributed to an increase in prices, especially energy bills, and angered the public. Islamabad also imposed new taxes, another unpopular move. But an IMF official said Monday that the “determined policy efforts” have brought progress in restoring stability.

IMF Executive Board okays $1 1bn loan tranche for Pakistan

IMF Executive Board okays $1 1bn loan tranche for Pakistan
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IMF approves immediate disbursal of $1 1 billion loan tranche to cash-strapped Pakistan

Washington, Apr 30 (PTI) The International Monetary Fund has approved an immediate disbursal of USD 1.1 billion to Pakistan as part of a bailout package and said the country needs to take tough measures to bring its economy back on track.

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