IMF to provide $510 million aid tranche to Pakistan

DUBAI: 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.