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Home Finance Pakistan finance minister: IMF board approves launch of over $1.1 bln bailout funds

Pakistan finance minister: IMF board approves launch of over $1.1 bln bailout funds

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Pakistan finance minister: IMF board approves launch of over $1.1 bln bailout funds

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Pakistan’s finance minister Miftah Ismail speaks throughout an interview in Islamabad, Pakistan December 28, 2017. REUTERS/Faisal Mahmood/File Picture

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ISLAMABAD, Aug 29 (Reuters) – The Worldwide Financial Fund (IMF) board on Monday authorized the seventh and eighth evaluations of Pakistan’s bailout programme, the nation’s finance minister Miftah Ismail mentioned, which can launch $1.17 billion in funds to the cash-strapped nation.

“The IMF Board has authorized the revival of our EFF program. We must always now be getting the seventh & eighth tranche of $1.17 billion,” Ismail mentioned on Twitter.

The IMF’s resident consultant in Islamabad didn’t instantly reply to a request for remark.

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Reporting by Asif Shahzad; Enhancing by David Clarke

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