NEW YORK: The International Monetary Fund executive board approved on Friday the first review of its $7 billion program with Pakistan, freeing $1 billion in cash, the Pakistani government said on Friday.
“Prime Minister Muhammad Shehbaz Sharif expresses satisfaction over the approval of a $1 billion tranche by the International Monetary Fund (IMF) for Pakistan,” his office said in a statement.
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The review approval brings disbursements to $2 billion within the $7 billion program.
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