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Home Headline

IMF approves loan issuance to Pakistan

News Desk by News Desk
August 30, 2022
IMF package approval an important milestone: Business Community
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The Executive Board of the International Monetary Fund (IMF) approved the issuance of loans to Pakistan while approving the Staff Level Agreement with Pakistan.

The IMF has approved the release of approximately 1 billion 17 million dollars to Pakistan, the loan amount will be transferred to Pakistan by the IMF this week.

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Alhamdolillah the IMF Board has approved the revival of our EFF program. We should now be getting the 7th & 8th tranche of $1.17 billion. I want to thank the Prime Minister @CMShehbaz for taking so many tough decisions and saving Pakistan from default. I congratulate the nation.

— Miftah Ismail (@MiftahIsmail) August 29, 2022

In one of his statements, Finance Minister Miftah Ismail says that Alhamdulillah the IMF Board has approved the expansion fund facility, we are getting the seventh and eighth tranches of one billion 17 million dollars.

 Miftah Ismail said that I want to thank the Prime Minister for taking many difficult decisions.

He said that I want to thank the Prime Minister for saving Pakistan from bankruptcy.

Minister of State for Petroleum Products Mossadegh Malik says that Pakistan Tehreek-e-Insaaf’s conspiracy against Pakistan has failed, IMF has restored its program.

Mossadegh Malik said that what was the benefit of PTI conspiring to bankrupt the country? Is this love of country? Is this the state of Medina?

Federal Minister for Planning and Development Ahsan Iqbal said that the IMF has approved Pakistan’s program.

He said that IMF approved the program despite PTI’s treacherous act.

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