Pakistan to receive US$550 million tranche from IMF in December

ISLAMABAD (Staff Report) - Pakistan will receive 10th tranche of US$550 million from International Monetary Fund (IMF) in December under Extended Fund Facility (EFF) arrangement.

According to Federal Finance Minister Ishaq Dar, the loan installment will be received by the mid of next month.

Pakistan has achieved all the economic targets while work is in progress towards improving tax collection and keeping the budget deficit under control, he said.

On the occasion he also announced that Pakistan will be receiving US$900 million from the World Band and Asian Development Bank in November.