ISLAMABAD — Pakistan has paid more than USD 3.6 billion in interest on loans to the International Monetary Fund (IMF) in the last 40 years, the finance ministry of the cash-strapped government has informed Parliament. This was revealed by the government during a meeting of the Senate’s Standing Committee on Economic Affairs on Thursday at […]
Tag: International Monetary Fund (IMF)
IMF approves $700 million second tranche of $3 billion package for Pakistan
ISLAMABAD — Ahead of the next month’s elections, the IMF on Thursday approved a USD 700 million loan tranche for cash-strapped Pakistan under an existing USD 3 billion bailout package after completing its first review of the country’s economic reform programme. The Ministry of Finance announced the completion of the first review by the Executive […]