IMF approves $1.1 billion loan for Pakistan

WASHINGTON: International Monetary Fund (IMF) has approved to make available a $1.1 billion loan for Pakistan which will be released in 2 installments.

According to the finance ministry the loan was approved in Excutive board meeting of IMF in Washington. The first installment is expected to be released in the next few days.

IMF has expressed confidence in Pakistan’s economic performance.