IMF to provide $510 million aid tranche to Pakistan

By: |
Dubai | May 12, 2016 5:08 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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Twitter suspends “fake” account that carried a link to Iranian Supreme Leader Ayatollah Ali Khamenei’s website
2After Trump setbacks, Kim Jong Un starts over with Joe Biden
3Kamala Harris as vice president further cements India-US relationship: WH