Share:ISLAMABAD -The International Monetary Fund (IMF)’s Executive Board is scheduled to meet on January 28 to approve loan tranche of slightly above one billion dollars for Pakistan, as Islamabad has almost met all prior actions. Earlier, the IMF had postponed its executive board meeting scheduled for January 12 on the request of the government of Pakistan as Islamabad had not completed all prior actions. Now, the government will have to get the approval of the Senate on the controversial State Bank of Pakistan (SBP) Amendment Bill. The government is expecting to face tough time from the opposition in the Senate for approval of the SBP amendment bill. The IMF had set five prior actions for Pakistan including mini-budget before approving the loan tranche of slightly above $1 billion.

Source: The Nation January 19, 2022 13:34 UTC