ISLAMABAD: The International Monetary Fund (IMF) will review Pakistan’s economic situation in meeting of its executive board on January 11 to approve $700 million tranche. Pakistan reached a staff-level agreement with the IMF on November 15 under the $3 billion SBA programmes and is awaiting the board’s approval to receive a second tranche. Pakistan has already received $1.2 billion from the SBA loan programme. It may be recalled that the schedule issued by IMF for executive board’s Dec 1 to 15 meeting, Pakistan’s review was not on the agenda. The ongoing SBA programme will expire on April 14, 2024. DNA
