Islamabad: It is expected that an approval of the stand-by agreement between the International Monetary Fund (IMF) and Pakistan for a sum of 700 million dollars will be given in the first week of December.
The IMF executive board will give approval of the agreement. It is likely that the international lender executive baord meeting will be held on December 7.
After the approval of the board Pakistan will be given next tranche of loan of 700 million dollars.
Under the three billion dollar a review of stand by arrangement Pakistan will be given 700 million dollar installment.
It is pertinent to mention here that the stand by agreement between Pakistan and the IMF was brokered on November 15
