IMF to provide $510 million aid tranche to Pakistan

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Dubai | Published: May 12, 2016 5:08:27 PM

The International Monetary Fund said on Thursday that it had reviewed Pakistan's economic performance and would make available a further $510 million to the country as part of a three-year, $6.7 billion financial assistance programme.

IMF News Today, IMF News Pakistan, IMF News Pakistan’s gross domestic product growth is projected at 4.5 percent in the 2015/16 fiscal year and 4.7 percent in the following year, the IMF said. (Reuters)

The International Monetary Fund said on Thursday that it had reviewed Pakistan’s economic performance and would make available a further $510 million to the country as part of a three-year, $6.7 billion financial assistance programme.

The money will be provided when the review is approved by the IMF’s management and executive board, the Fund said in a statement, describing its discussions with Pakistan as “productive” and adding that performance criteria in the programme had been met.

Pakistan’s gross domestic product growth is projected at 4.5 percent in the 2015/16 fiscal year and 4.7 percent in the following year, the IMF said.

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