ISLAMABAD: The International Monetary Fund (IMF) has approved 8th installment of 500 million dollar loan for Pakistan.
The approval of the installment was given by the International institution by its Board of Governors in Washington.
The amount approved by the IMF will be transferred to Pakistan next week that will help increase foreign exchange of the country.
The loan was granted on condition that Pakistan — which was suffering an energy crisis — carried out extensive economic reforms, particularly in the energy and taxation sectors.
