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New USD 3 billion loan to help Pak's efforts in stabilising its economy: IMF
Updated On: 14 July, 2023 04:17 PM IST | Islamabad, Pakistan | mid-day online correspondent
The IMF`s executive board formally approved the USD 3 billion bailout programme on Wednesday
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Image used for representational purpose. File photo
The IMF has said that the recently approved USD 3 billion loan programme will provide much-needed relief for Pakistan as it would anchor the cash-starved country`s immediate efforts to stabilise its economy and ensure that the current balance of payments needs was fulfilled, a media report said on Friday.
The Washington-based global lender signed a Stand-by Agreement with Pakistan at the end of June to provide the country with a short-term loan for a period of nine months.
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