IMF Approves Final Tranche of $3B Standby Loan for Pakistan

The International Monetary Fund IMF has approved  its $3 Billion standby loan Arrangement for Pakistan. The Imf will provide a $1.1 billion loan that will help in the Pakistan Finances. This approval will be the end of the Second Bailout package from the International monetary fund. which was created  to help Pakistan to avoid a Potential Financial Crisis.The tranche approval came after the IMF Executive Board meeting in Washington. In the meeting the request from Pakistan to release the funds was discussed. 

Previous installments by IMF 

According to sources, Pakistan is expected to receive the payment on 1 May. The IMF loan approval  will help Pakistan in difficult times.  Before this Pakistan received two installments.  The first instalment was $1.2 billion in July and  second was 700 million in January 2024. The total amount was $1.9 billion.

Importance of IMF loan

Muhammad Aurangzeb who is Pakistan’s Finance Minister said that the Country is seeking a new and  larger term loan from the IMF. He said he wants to do an agreement with IMF staff by early July for a new loan. The new Loan would last at least three years. This could help make Pakistan’s economy better and support much needed reforms. However, Aurangzeb has not provided specific details on the size of the new loan. Prime minister Shahbaz Sharif asks for strict  Discipline and to take wise desicions to maintain good growth.


Read More: Pakistan has officially asked the IMF for another bailout

This last loan installment from IMF is very imported for Pakistan. it will help in building its Economy strong. it is also very good to avoid a Financial crisis. The PM Shehbaz Sharif think that big changes are imported to keep the economy healthy.

Read More: Pakistan is in talks with the IMF on a possible policy to follow

Shahbaz Sharif Talks with IMF

IMF approval came after  Prime Minister Shehbaz Sharif’s meeting with IMF Managing Director Kristalina Georgieva at the World economic forum special Meeting. The Prime Minister Shahbaz Sharif said that he want to make their Government work better. Prime Minister Shahbaz Sharif want to grow Pakistan Economy with the help of IMF loan. Shehbaz Sharif ask his financial team to use better arrangements. The Financial team is led by Finance Minister Aurangzeb. Pm Shehbaz sharif ask his team to use strict discipline. He is working on making those changes with the help of the IMF.