Monday September 20, 2021

November 5, 2015

Pakistan to receive 10th IMF loan tranche in Dec

ISLAMABAD: Pakistan is set to receive the 10th tranche of 550 million dollars from International Monetary Fund (IMF) next month under Extended Fund Facility (EFF) arrangement.

Finance Minister, Ishaq Dar made the announcement on Thursday while addressing a press conference along with IMF mission head, Herald Finger here.

He said the next installment of loan assistance will be received in the mid of December after the approval from IMF’s administration and Executive Board.

Ishaq Dar said Pakistan has achieved all the economic targets while work is in progress towards improving tax collection and keeping the budget deficit under control.

He did mention steps aimed to achieve the tax collection target but stopped short of elaborating on them.

The Finance Minister also announced that Pakistan will receive 900 million dollars from the World Band and Asian Development Bank in the current month of November.