A report published in Dawn’s Saturday issue under the headline, “IMF approves 3-year $6.6bn package”, said the International Monetary Fund had approved a three-year $6.64 billion package for Pakistan.

The IMF had, in fact, given the go-ahead, at a meeting in Washington on Friday, for release of $501 million as the seventh tranche under the Extended Fund Facility, a $6.64bn package approved earlier. The error is regretted.

Published in Dawn, March 29th, 2015

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