$1 bln tranche for Pakistan to be released shortly: IMF Chief

MG News | July 09, 2019 at 10:07 AM GMT+05:00

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July 9, 2019: International Monetary Fund Mission chief for Pakistan, Ernesto Ramirez-Rigo says that the Fund will release the $1 billion tranche for Pakistan, shortly.

In conversation with media representatives, Ernesto said that releasing loan would help stabilize the economic institutions in Pakistan.

He said Pakistan is focusing on economic reforms and that growth rate would also go up in the next year.

IMF Mission chief said consistency in the economic policies is necessary to strengthen financial position, however, IMF program, would help economic stability in Pakistan.

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