IMF approves disbursement of $1bn to Pakistan under $7bn deal: PMO
The International Monetary Fund (IMF) has approved the immediate disbursement of about $1 billion to Pakistan under the ongoing Extended Fund Facility, according to the Prime Minister’s Office (PMO).
“Prime Minister Shehbaz Sharif expressed satisfaction over the approval of a $1bn dollar instalment for Pakistan by the IMF and the failure of India’s high-handed tactics against it,” the PMO said.
“The country’s economic situation has improved and the country is moving towards development. India is plotting a conspiracy to divert attention from our country’s development through unilateral aggression.
“International institutions have responsibly rejected India’s false propaganda. Indian attempts to sabotage the IMF programme have failed,” it quoted the prime minister as saying.
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