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Published 2 years ago

IMF board to meet on Aug 29 to decide on Pakistan's tranche of $1.1 bln

Summary by Times of India

The combined seventh and eighth reviews if approved will release more than $1.1 billion in critical funding for the country. With central bank reserves falling as low as $7.8 billion - hardly enough for more than a month of imports - Pakistan has been facing a balance of payment crisis.

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IMF board to meet on Aug 29 to decide on Pakistan's tranche of $1.1 bln

The combined seventh and eighth reviews if approved will release more than $1.1 billion in critical funding for the country. With central bank reserves falling as low as $7.8 billion - hardly enough for more than a month of imports - Pakistan has been facing a balance of payment crisis.

2 years ago·India

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samaaenglish.tv

IMF executive board to meet for approving $1.17b tranche for Pakistan

Meeting to be held on August 29

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