ISLAMABAD – The International Monetary Fund (IMF) executive board meeting will be held on Monday (today).
The sources within the Finance Ministry said that the approval expected for Pakistan’s $1.1 billion tranche is expected today.
They said Pakistan’s case would be presented for approval at the Executive Board meeting, and upon approval, Pakistan would receive the third and final tranche under the Stand-By Arrangement.
The sources said that Pakistan already received $1.9 billion from the IMF under the Stand-By Arrangement, and while remaining under the arrangement, Pakistan fulfilled the agreed-upon targets with the IMF.
The sources within the Finance Ministry ssid that the negotiations with the IMF economic team for a new loan program would take place next month.
They said that the IMF delegation expected to arrive in Pakistan mid-next month for negotiations under the new loan program.
