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An International Monetary Fund (IMF) team has arrived in Islamabad to conduct the first quarterly review of Pakistans performance under its $6 billion Extended Fund Facility (EFF) finalised in May this year.
The successful completion of the first review would enable Islamabad to draw about $453 million from the Fund in first part of December, taking the total amount to almost $1.44 billion. The IMF had made in July this year an upfront disbursement of $991 million on completion of all prior actions committed by Pakistan before signing the fund programme, Dawn news reported on Monday. Read More…
