The funding is the second and last tranche of a $3 billion standby arrangement with the IMF
PHOTO
The executive board of the International Monetary Fund will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the Fund said on Wednesday.
The funding is the second and last tranche of a $3 billion standby arrangement with the IMF, which it secured last summer to avert a sovereign default.
(Reporting by Ariba Shahid and Asif Shahzad, writing by Rodrigo Campos, editing by Karin Strohecker)
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