IMF releases $500 million tranche to Pakistan

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ISLAMABAD: The International Monetary Fund (IMF) has released a $500 million tranche to Pakistan.

According to a statement issued by the SBP, the IMF’s executive board had approved the release of the installment last week.

Pakistan has so far received $2.45 billion under this program.

It is to be mentioned here that Pakistan has borrowed $6 billion from the IMF.