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IMF delegation to arrive in Islamabad on October 28: ministry

October 20, 2019
IMF delegation to arrive in Islamabad on October 28: ministry

Photo: AFP

A delegation of the International Monetary fund will arrive in Islamabad on two-week visit on October 28, ministry of finance said on Sunday.

According to a statement, the IMF delegation will review Pakistan’s economic progress. It will release the second installment of $6 billion bailout package after the review.

The IMF had released $1 billion to Pakistan in July after its board approved a $6 billion bailout package. It is a three-year loan programme.

The fund will review Pakistan’s performance quarterly over 39 months, phasing release of the additional aid over time.

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