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Saturday, November 23, 2024  
20 Jumada Al-Awwal 1446  

IMF likely to gives Major Debt relief to Pakistan

–File Photo

 The International Monetary Fund is likely to approve a $1.4 billion funding for Pakistan in a meeting of its executive board members today in Washington DC.

Pakistan had requested the IMF to issue funds to improve the country's financial situation as it fights coronavirus

The International Monetary Fund plans on providing Pakistan $1.4 billion to improve the country's financial situation as it fights coronavirus.

The global body's Rapid Financing Instrument (RFI) provides a boost in finances to IMF member countries in need of urgent balance of payments.